HomeMy WebLinkAboutAgenda Statement 1984/08/28 Item 9 COUNCIL AGENDA STATEMENT
Item 9
Meeting Date 8/28/84
ITEM TITLE: Ordinance e7i0 r4 Setting Tax Rate for the Fiscal Year
1984-85 First Reading and Adoption
SUBMITTED BY: Director of Finance
(4/5ths Vote: Yes No x )
REVIEWED BY: City Manager
Since the passage of Proposition 13,a
, theoCity Council is required annually to
set the necessary tax rate for voter approved debt
RECOMMENDATION: Adopt ordinance.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
Proposition 13 does not affect voter approved debt service and consequently
on or before
the City Council is required �� B4 set the h ratecwasa$y00583 perehundred dollars
September 1st each year. The 1983-84
of full value. For 1984-85, the s cured rate is $2,001,920,489ars
of full value. The City's total
FISCAL IMPACT: The 1984-85 tax rate will generate $105,301 in property
taxes. This is the amount necessary for debt service on the Police Facility
Bonds.
WPC 0116G
Q- w i
by tr1t; City Cu ancil of
Chula Vista, Call of nia
Dated