DATE: August 20, 2019
TO: Board of Supervisors
SUBMITTED BY: Oscar J. Garcia, CPA, Auditor-Controller/Treasurer-Tax Collector
SUBJECT: Approve Resolution to Establish Tax Rates and Levy Taxes for the Fiscal Year 2019-20
RECOMMENDED ACTION(S):
TITLE
Adopt a resolution establishing tax rates, and levying taxes on the secured roll, for the Countywide rate of one percent, voter approved indebtedness, ad valorem taxes for revenue districts, and unitary taxes in Fresno County for the Fiscal Year 2019-20.
REPORT
ALTERNATIVE ACTION(S):
There are no viable options available.
FISCAL IMPACT:
Failure to approve recommended rates would impact the County of Fresno's taxing agencies as there would be no revenue from property taxes and no revenue to make debt service payments.
DISCUSSION:
Under Government Code section 29100, the Board of Supervisors is required to adopt by resolution the tax rates on the Countywide secured roll on or before October 3 of each year. This tax rate is not to exceed the one-percent limitation as specified in Article XIIIA of the State Constitution (Proposition 13).
Also, under Education Code, Section 15250, the Board of Supervisors of the County, the Superintendent of Schools of which has jurisdiction over any school or community college district, shall annually at the time of making the levy of taxes for county purposes, levy a tax for that year upon the property in the district for the interest and redemption of all outstanding bonds of the district. The tax shall not be less than sufficient to pay the interest on the bonds as it becomes due and to provide a sinking fund for the payment of the principal on or before maturity and may include an allowance for an annual reserve, established for the purpose of avoiding fluctuating tax levies.
Also certain special districts (listed on Schedule A to the recommended resolution) may levy an ad valorem tax rate in order to make annual payments on any bonded indebtedness. Water districts have ...
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