Set tax rate for pension fund override for fiscal year 2006-07

Labor & City WorkersBudget

In Plain English

The city collects a separate property tax to help fund employee pensions beyond what the regular budget covers. This ordinance sets the specific tax rate residents will pay for this pension override in the upcoming fiscal year. The rate determines how much extra property tax goes toward covering the city's pension obligations.

Auto-generated summary. Source: official agenda documents.

Votes

give first reading to ordinance

Moved by: Councilmember GriffinSeconded by: Councilmember Marquez
Passed