Set pension fund tax rate at 0.14% for fiscal year 2017-18

Labor & City WorkersBudgetOrdinance

In Plain English

The city collects a separate tax to fund employee pensions. This sets the rate at 0.14% of assessed property value for the upcoming budget year. Property owners pay this tax alongside their regular property taxes to cover retirement benefits for city workers.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Passed

6 to 0

JBTBBCEMGMJMMW

Community Discussion

This discussion was submitted to the City Clerk as part of the public record.

Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.