Set tax rate for pension fund at 0.14% for fiscal year 2020-2021
In Plain English
The city maintains a separate tax specifically to fund employee pensions. This sets the rate at 0.14% of assessed property value for the 2020-2021 budget year. If approved, a home assessed at $500,000 pays $700 annually toward city employee retirement benefits.
Auto-generated summary. Source: official agenda documents.
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