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HomeMy WebLinkAboutMINUTES - 09162008 - C.102 i t TO: BOARD OF SUPERVISORS �� �'��' Contra FROM: STEPHEN J. YBARRA, Auditor-Controller o - ;� Costa By: Robert Campbell, Chief Accountant. - z DATE: September 16, 2008 UN� CO u my SUBJECT: Adoption of 2008-09 Secured Property Tax Rates and 07 Authorization to Levy the 2008-09 Property Tax Roll 1-7 1A* SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATIONS) Adopt the fiscal year 2008-09 Secured property tax rates as shown on Exhibit A, attached. Authorize the levy of these rates and those adopted by cities and multi-county districts, as shown in Exhibit B, against the taxable secured property within the County that is subject to each rate. The anticipated revenues specified in Exhibit A are subject to changes in the secured roll. Adopt and levy the 2008-09 tax rate as shown on Exhibit B for the Unitary and Operating Non-Unitary property assessed by the State Board of Equalization with a single countywide value. FISCAL IMPACT Adoption of the attached property tax rates will generate over $1.6 billion in property tax revenues to be apportioned to the County, Cities, Schools and other eligible taxing agencies. BACKGROUND Under Government Code Section 29100, the Board of Supervisors is responsible for the adoption by resolution of the tax rates for the current year secured property tax roll. The General Obligation bond rates are provided by the Auditor at a level adequate to support the annual debt service requirements and necessary bond reserves. Government Code Section 29101 requires that the Board levy these rates on the appropriate taxable property in the County. Revenue & Taxation Code Section 100(b) provides for the tax rate to be applied to the Unitary and Operating Unitary property. CONTINUED ON ATTACHMENT: 0 YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR ❑ RECOMMENDATION OF BOARD COMMITTEE ❑ ❑ APPROVE ❑ OTHER SIGNATURE(S): ACTION OF BOARD ON ❑APPROVED AS RECOM NDED ❑ OTHER VOTE OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN AND UNANIMOUS (ABSENT, ) ENTERED ON THE MINUTES OF THE BOARD OF SUPERVISORS O THE DATE SHOWN. AYES: NOES: ' O ABSENT: ABSTAIN: ATTESTED: /✓''�""G--��ls �40� Contact: Robert Campbell (646-1403) DAVID TWA, CL RK OF THE BOARD OF cc: CAO SUPERVISO AND COUNTY ADMINISTRATOR AUDITOR B : uty Exhibit A COUNTYWIDE TAX AND TAX RATES CALCULATED BY THE AUDITOR Government Code Section 29142 allows a collection fee for debt service requirements on bonds authorized and issued by special districts up to one-fourth of one percent. The tax amounts and rates for special districts include an additional one-fourth of one percent as the County's collection fee. Amount to be raised Rate as Percentage on Secured Roll of Full Value Countywide fax $1,525,317,000 1.0000 LOCAL SPECIAL DISTRICTS WATER DISTRICTS: Contra Costa Water Land Levy 729,400 .0041 SCHOOL DISTRICTS ELEMENTARY: Brentwood Elementary 1990 696,500 .0091 Brentwood Elementary 1997 1,400,500 .0182 Brentwood Elementary 2003 2,412,200 .0314 Byron Elementary 2006 667,600 .0248 Lafayette Elementary 1,959,000 .0330 Moraga Elementary 913,400 .0309 Oakley Elementary 1998 610,000 .0189 Oakley Elementary 2004 873,800 .0271 Orinda Elementary 1,108,300 .0247 Walnut Creek Elementary 1995 1,605,600 .0170 Walnut Creek Elementary 2002 895,900 .0095 HIGH SCHOOL: Acalanes Union 1988 2,482,700 .0114 Acalanes Union 1997 2,810,200 .0123 Acalanes Union 2002 1,184,500 .0052 Liberty Union 1988 695,800 .0054 Liberty Union 1994 1,646,200 .0118 Liberty Union 2001 1,636,100 .0117 UNIFIED SCHOOL DISTRICTS: John Swett 2002 557,300 .0247 Martinez Unified 1988 2,540,900 .0457 Martinez Unified 1995 778,500 .0140 Mt Diablo 2002 14,284,900 .0455 Pittsburg Unified 1995 302,300 .0065 Pittsburg Unified 2004 1,436,100 .0307 Pittsburg Unified 2006 929,500 .0199 San Ramon Unified 1998 5,937,300 .0173 San Ramon Unified 2002 11,889,000 .0346 West Contra Costa Unified 1998 2,385,700 .0093 West Contra Costa Unified 2000 9,364,300 .0365 West Contra Costa Unified 2002 12,429,600 .0484 West Contra Costa Unified 2005 7,387,400 .0288 COMMUNITY COLLEGE: CC Community College 2002 5,991,600 .0040 CC Community College 2006 3,813,200 .0026 RESOLUTION NO. 200/L Zd T Exhibit B TAX RATES ADOPTED BY OTHER DISTRICTS Per certifications received frorn the governing body of each district. Rate as Percentage of Full Value MULTI-COUNTY DISTRICTS: Bay Area Rapid Transit .0090 % East Bay Regional Park .0100 East Bay MUD Dist 1 .0064 Livermore Joint Unified 1999 .0616 Chabot- Las Positas Comm College .0183 CITIES: Brentwood, City of .0039 Lafayette, City of .0193 Richmond Retirement .1400 TAX LEVY FOR UNITARY AND OPERATING NON-UNITARY PROPERTY FOR 2008-2009 Rate as Percentage of Full Value Countywide Tax 1.3660 (UNITARY) RESOLUTION NO.