FROM:
Jeff Zuba, Finance & Administrative Services Director
SUBJECT:
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Town of San Anselmo 2022-2023 Tax Rates for Municipal Services Tax, Pension Override Tax, Measure G Debt Service Tax, Special Library Services Tax, and Ross Valley Paramedic Tax
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RECOMMENDATION
recommendation
That Council approve the attached resolutions establishing:
1. The Municipal Services Tax for 2022-2023 fiscal year at the rate of $78.00 per living unit and per 1,500 square feet of non-residential structure; and
2. The Pension Override Tax for the 2022-2023 fiscal year at the rate of 5.9 cents per $100 of assessed valuation; and
3. The Measure G Debt Service Tax rates for 2022-2023 fiscal year at 0.5 cents per $100 of assessed valuation for the Series 2011 and at 0.4 cents per $100 of assessed valuation for the Series 2020 Measure G bonds respectively, for a total debt service tax levy of 0.9 cents per $100 of assessed valuation.
4. The Special Library Services Tax for the 2022-2023 fiscal year at the rate of $66.41 per real estate parcel.
5. The Ross Valley Paramedic Tax for the 2022-2023 fiscal year at a rate of $91.50 per taxable living unit or per 1,500 square feet of structure developed parcel in non-residential use.
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BACKGROUND
The Municipal Services and Pension Override taxes have been levied at the rate proposed above since the 1987-88 fiscal year. These taxes are necessary in order to provide for the level of municipal services currently provided by the Town of San Anselmo and to meet the Town's obligation to the Public Employees' Retirement System.
The combined Measure G tax levy of 0.9 cents per $100 of assessed valuation. The levy is necessary to pay the debt service on the general obligation bonds sold by the Town to pay for improvements to streets, drainage, and Library, as authorized by the San Anselmo voters on June 6, 1995. The levy includes debt service from both the 2011 bond series, of which is a result of refinancing the 1995, 1...
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