Set property tax rate at 0.14% for city pension fund

Labor & City WorkersBudgetFinance Department

In Plain English

Richmond property owners pay a special 0.14% tax to fund city employee pensions and bond payments. The tax generates about $29.5 million annually for the city. If approved, the rate stays the same as last year.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Cesar ZepedaSeconded by: Jamelia Brown
Passed

7 to 0

Soheila BanaAye
Jamelia BrownAye
Claudia JimenezAye
Doria RobinsonAye
Sue WilsonAye
Cesar ZepedaAye
Eduardo MartinezAye