HomeMy WebLinkAboutAgenda Statement 1980/08/19 Item 11 COUNCIL AGENDA STATEMENT
Item 1,1
Meeting Date 8/19/80
ITEM TITLE: Ordinance /yj� Setting the Tax Rate for Fiscal Year 1980-81
First Reading and Adoption
No SUBMITTED BY: Director of Finance, (4/5ths Vote: Yes x )
Since the approval of Proposition 13, the City Council is required to
annually set the appropriate tax rate for debt service. Therefore it is my
RECOMMENDATION
That the Council set the tax rate of $.029 per hundred dollars of assessed
valuation to meet 1980-81 debt.requirements- for the Police Facility Bonds ,
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 lst of 'each year.
FINANCIAL IMPACT: Not Applicable
by th, City COuncil of
Chula Vista, California
Dated 4po
Form A-113 (Rev. 11/79)
EXHIBITS
Agreement Resolution Ordinance Plat .Notification List
Other ENVIRONMENTAL DOCUMENT: Attached Submitted on