Set tax rate for city pension fund at 0.14% for fiscal year 2018-19

Pension Tax RateBudget<UNKNOWN>Ordinance

In Plain English

The city collects a special property tax each year to help fund employee pensions. The council set the rate at 0.14% of assessed property value for 2018-19. Property owners pay this tax along with their regular property taxes to help cover the city's pension costs.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Passed

7 to 0

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