Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Juan Raigoza, Controller
Subject: Adoption of the Tax Rates on the Secured Roll
RECOMMENDATION:
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Adopt a resolution adopting the tax rates on the secured roll for Fiscal Year 2020-21.
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BACKGROUND:
Pursuant to the provisions of Government Code Section 29100, the Board of Supervisors is required to adopt by resolution the tax rates on the secured roll on or before October 3rd of each year. Since the passage of Proposition 13, the County is also required to set tax rates for general obligation bonds approved by the voters for taxing jurisdictions within the County.
DISCUSSION:
The Controller has calculated the tax rates for Fiscal Year 2020-21 based on the secured assessed valuation of $244,148,616,404. Fiscal Year 2020-21 tax rates are attached to the Resolution as Schedule A.
County Counsel has reviewed and approved the resolution as to form.
FISCAL IMPACT:
There is no fiscal impact associated to this resolution.