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

Labor & City WorkersBudget

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

Moved by: Jovanka BecklesSeconded by: Eduardo Martinez
Passed

7 to 0

Nathaniel BatesAye
Jovanka BecklesAye
Gayle McLaughlinAye
Jael MyrickAye
Vinay PimpléAye
Eduardo MartinezAye
Tom ButtAye