Set tax rate for pension fund at 0.14% for fiscal year 2016-17

Labor & City WorkersBudgetOrdinance

In Plain English

The city collects a separate tax specifically to fund employee pensions. This law sets that pension tax rate at 0.14% of property value for the upcoming fiscal year. Property owners pay this tax in addition to regular property taxes.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Passed

7 to 0

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