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HomeMy WebLinkAboutMINUTES - 08011989 - 1.38 SEL 1-038 TO: B G� oard of Supervisors IN FROM: Phil Batchelor, County Administrator _=— �; DATE: July 24, 1989 �`• = �� ST'4 cous SUBJECT: Legislation - AB 2372 (Hannigan) Specific Request(s) or Recommendations(s) & Background & Justification RECOMMENDATION: Adopt a position of SUPPORT for AB 2372 by Assemblyman Hannigan which would nullify the holding of the court in a Los Angeles County case and allow the County to retain the penalties and interest on delinquent property taxes when they are paid. BACKGROUND: Contra Costa County has an arrangement with the cities and other taxing jurisdictions whereby the County advances the other taxing jurisdictions, including the County General Fund, their share of delinquent taxes. The plan is known to most local jurisdictions as the "Teeter" Plan after the County's first County Administrator. As a result of our advancing other taxing jurisdictions their share of delinquent taxes, we retain all interest and penalties in what is known as the Tax Loss Reserve Fund. We use this fund to make the advances to other taxing jurisdictions and then credit the property taxes, interest and penalties back to the Fund when they are paid. As long as we keep our property tax delinquencies below 3% of the total, the County General Fund is allowed to withdraw everything in the Tax Loss Reserve Fund which exceeds 3%. If our delinquencies exceed three percent in any year,we must then build the Tax Loss Reserve Fund up to 4%and keep it at that level until we have reduced our delinquency rate below 3%for three consecutive years. At that point we can again remove any funds in the Tax Loss Reserve Fund which exceed 3%of the property taxes. This system applies to the secured property tax roll and the supplemental roll. Continued on attachment: yes Signature: XRecommendation of County Administrator Recommendation of Board Committee -T Approve Other: Signature(s): (' /00� L4W4 Action of Board on:_ August 1 1989 Approved as Recommended �_ Other Vote of Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN _,_ Unanimous (Absent ) AND ENTERED ON THE MINUTES OF THE Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN. Absent: Abstain: AUG 1199 cc: County Administrator Attested Auditor-Controller Phil Batchelor, Clerk of the Board Assemblyman Hannigan of Supervisors and County Administrator Dan Wall,CSAC Les Spahnn, SRJ.Jackson,Barish &Associates By , Deputy Clerk CLVM:eh(ab2372bo) t A court in Los Angeles County has read the law after Proposition 13 as indicating that the County is required to share the interest and penalties on the delinquent property taxes with all other taxing jurisdictions. However, in Contra Costa County, since other taxing jurisdictions do not suffer any loss from delinquent taxes it is difficult for them to argue that they are entitled to any of the interest and penalties, regardless of what the courts say. However,the"Teeter"plan does not apply to the unsecured property tax roll. The Auditor-Controller indicates that the penalties and interest on the unsecured roll for the first ten months of the 1988- 89 fiscal year totaled$362,000 and is expected to total about$500,000 when all figures for the fiscal year are in. Since the County generally receives only 25% of the total property taxes, The County General Fund stands to be at risk for$375,000 a year if the cities were successful in recovering the interest and penalties just on the unsecured roll. The County has been asked by the County Supervisors'Association of California(CSAC)to support AB 2372. Even the risk on the unsecured roll seems to be a significant enough risk for us to join CSAC in supporting AB 2372. We understand that AB 2372 is simply trying to return the state of the law to what nearly everyone understood the intent to have been all along.