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

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