Title
Auditor-Controller recommending adoption of Resolution 252-2008 272-2008 establishing ad valorem tax rates for Fiscal Year 2008/2009 on the secured tax roll for taxing agencies in the County of El Dorado.
RECOMMENDED ACTION: Approve.
Body
BUDGET SUMMARY: |
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Total Estimated Cost |
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$ |
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Funding |
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Budgeted |
$ |
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New Funding |
$ |
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Savings |
$ |
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Other |
$ |
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Total Funding Available |
$ |
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Change To Net County Cost |
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$ |
Fiscal Impact/Change to Net County Cost: There is no fiscal impact
Background:
Reason for Recommendation: Government Code (ยง29100) requires that the Board of Supervisors annually fix the rates necessary for each local taxing agency in the county. The tax rates for your adoption include a countywide Basic Tax Rate of $1.00 on each $100.00 of net assessed valuation as well as various other tax rates needed to meet the debt service requirements of various voter-approved bond issues.
Action to be taken following Board approval: Auditor/Controller will ensure that the taxes are levied.
Contact: Joe Harn
Concurrences: