HomeMy WebLinkAboutAgenda Statement 1980/08/19 item 11 (2) COUNCIL AGENDA STATEMENT Item 11
Meeting Date 8/19j80
ITEM TITLE: Ordinance /944p Setting the Tax Rate for Fiscal Year 1980-81
First Reading and Adoption
(4/5ths Vote: Yes Nom)
SUBMITTED Y: Director of Finance
Since the approval of Proposition 13, the City service. S required io is my
annually set the appropriate tax rate for
RECOMMENDATION
That the Council set the tax rate of $.029 per rhtndredlddollarcilftasBe sed
valuation to meet 1980-81 debt requirements
BOARDS AND COMMISSIONS RECOMMENDATION: Not Applicable
DISCUSSION
Proposition 13 does not affect voter approved debt service and, therefore,
the City Council is required to establish the appropriate rate on or before
September 1st of 'each year.
FINANCIAL IMPACT: Not Applicable
ii of
by t;l : City r;)'o�� 'nc
Chula Vista, California
D
Form A-113 (Rev. 11/79)