DATE: September 1, 2020
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 2020-21
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 2020-21.
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).
Under Education Code section 15250, for all of the schools or community college districts that the County Superintendent of Schools has jurisdiction over, your Board must levy a tax for that year upon the property in those districts for the interest and redemption of all their outstanding bonds. Your Board must make that levy at the same time as the levy of general property taxes. The school tax shall not be less than sufficient to pay the interest on the bonds as they become 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.
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 reduced ...
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