HomeMy WebLinkAboutMINUTES - 07191988 - 2.1 • BOARD OF SUPERVISORS '
Furl: Phil Batchelor, V=tra
County Administrator @ C
clos C
DATE*. July 19 , 1988
SUBJECT: IMPACT OF ANNEXATIONS AND REDEVELOPMENT
ON COUNTY PROPERTY TAX RECEIPTS
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Receive this report related to the impact . of redevelopment and annexations
on County property tax receipts, and direct the County Administrator to
pursue aggressive negotiations in all future annexations and redevelopment
projects in order to protect the County' s financial base.
FINANCIAL IMPLICATIONS:
The financial implications of the above actions would be to keep up the
erosion of the County' s fiscal base to the minimum amount possible when
annexations occur or new redevelopment agencies are initiated.
BACKGROUND:
On July 12, the Board of Supervisors received a report from the County
Assessor indicating that the assessment roll had been delivered to the
County Auditor on June 30 as required by law. In this report, the Assessor
indicated that the total assessed value of property countywide had
increased by 10. 430. This is a very healthy increase and compares
favorably with the amount budgeted by the County for 1988-89.
Upon closer scrutiny, however, several items of concern are included in the
1988-89 numbers. First, as indicated on the attached sheet, the growth
which actually took place in the incorporated area of the County far
exceeded the growth in the unincorporated areas; growth in the incorporated
areas exceeded 12. 450, while growth in the unincorporated areas totaled
only 4 . 52%. This appears to be primarily due to a number annexations that
have occurred in recent prior years which have led to significant growth in
the cities and slow or even negative growth in the County unincorporated
areas.
Of particular note is the growth in the San Ramon Valley within the city
limits of the City. of San Ramon. As the attached shows, the assessed value
of San Ramon increased by 61 . 07% from the prior year, while the assessed
value in the unincorporated part of the San Ramon Valley actually decreased
by 13 . 87%. Although the County receives a portion of the property taxes
generated within the city limits, our share of those property taxes is less
CONTINUED ON ATTACHMENT; X_ YES SIGNATURE:
ACTION OF BOARD ON July 19 , 1988 APPROVED AS RECOMMENDED _� OTHER
The Board ACCEPTED the above report and referred to the County
Administrator the concerns the Board members expressed with respect to the
diminishing funds for the County [following formation of Redevelopment
Areas and annexation of the unincorporated areas to the Cities] to fund
ongoing County programs for all County residents including health- care, the
justice system, human services, and the libraries. The Board requested
that the master property tax agreement with the cities be reviewed and that
the Board be apprised in advance of pending annexations or discussions of
proposed annexations. __—
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator ATTESTED July 19, 1988
CAFCO
PHIL BATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
BY ,DEPUTY
M382/7-83
than our share of property taxes in the unincorporated area. Therefore, it
is of concern when most of the growth takes place within the cities. It
should be noted that these figures are consistent with recent reports from
the Community Development Department which has indicated that most of the
new building activity is happening within the city limits of cities rather
than in the unincorporated areas.
Although the overall tax rate grew by 10. 53%, the General Fund increase in
property taxes will only be 9. 5% above what was budgeted in 1987-88 . As
the attached sheet shows, next year, redevelopment agencies will divert
over $7. 9 million from the General Fund to the redevelopment agencies.
This represents a growth rate over the prior year of 18. 20. It also
represents 6 . 6% of the total gross property tax revenue, an increase from
6. 2% over the prior year. Attachment II shows this significant impact on
the County.
These two issues point out the necessity for tough negotiations with
redevelopment agencies and with cities which annex County unincorporated
areas. If the County does not remain vigilant, there is every likelihood
that the property tax will not continue to be the major source of county
discretionary fund increases, which could increase the County' s financial
problems significantly from year to year.
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ATTACHMENT 2
PROPERTY TAX ANALYSIS
GENERAL FUND LOSS TO REDEVELOPMENT
( 1 ) ( 2 ) ( 3 ) ( 4) ( 5) ( 6) ( 7 )
Gross o o RDA
Fiscal Property Tax General Fund Redevelopment Inc. Inc. o of
Year Revenue Portion Agencies Gen RDA TOT
1981-82 $ 59 ,064,482 $ 56 ,708,023 $2 , 356 , 459 . 0 . 0 4. 0
1982-83 $ 67 , 100,958 $ 63 ,864 , 177 $3 ,236,781 12. 6 3 .7 4. 8
1983-84 $ 72,647 , 120 $ 69,183 ,799 $3 ,463 , 321 8. 3 7 . 0 4 .8
1984-85 $ 79, 446,611 $ 75,897, 419 $3,549,192 9.7 2. 5 4. 5
1985-86 $ 88 ,556, 025 $ 84,347,746 $4, 208 ,279 11. 1 18. 6 4 . 8
1986-87 $ 97 , 099,708 $ 91,939, 691 $5, 160,016 ` 10. 5 22. 6 5. 3
1987-88 $108,635, 152 $101 ,924,481 $6, 683 ,907 10. 9 30. 1 6. 2
1988-89 $119, 300, 378 $111,400,000 $7, 900, 378 10 .4 18 . 2 6. 6