Title
Chief Administrative Office recommending the Board of Supervisors adopt a support position for Senate Bill 1064 by Senator Dennis Hollingsworth; and authorize the Chief Administrative Office to prepare additional letters of support or testimony to legislative committees that may hear this bill.
RECOMMENDED ACTION: Approve.
Body
Background: SB 1064 provides provide for state allocations with respect to property tax revenue reductions from a reassessment for the 2007-08 fiscal year due to the Angora Fire. The Assessor's Office estimates $64.5 million in decreased assessments due to the Angora Fire in fiscal year 2007-08. This translates into a general fund loss of $161,000.
Action to be taken following Board approval: The Chief Administrative Office will forward the attached letter to the relevant recipients and continue to monitor the progress of the bill through the Legislature
Contact: Mike Applegarth (5123)