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File #: 20-0028    Version:
Type: Agenda Item Status: Department Matters
File created: 12/31/2019 In control: Board of Supervisors
On agenda: 3/24/2020 Final action: 3/24/2020
Title: Chief Administrative Office recommending the Board consider options for policy direction related to allocation of property tax within the existing AB 8 allocation upon annexation to or by special districts within the County. (Est. Time: 30 Min.) (Cont. 3/17/20, Item 29)
Attachments: 1. A - Annexation Tax Options memo

Title

Chief Administrative Office recommending the Board consider options for policy direction related to allocation of property tax within the existing AB 8 allocation upon annexation to or by special districts within the County.  (Est. Time: 30 Min.) (Cont. 3/17/20, Item 29)

Body

DISCUSSION / BACKGROUND

At its December 10, 2019 meeting, the Board provided general direction for staff to return with a discussion on developing a policy for allocating property tax upon annexation.

 

In accordance with Revenue and Taxation Code Sections 99 and 99.01, negotiations are periodically completed regarding the redistribution of the property tax increments applicable to annexations of parcels to various special districts. Such annexations require the Board of Supervisors to approve an amended property tax allocation for affected agencies and special districts.

 

Due to the variety of annexation proposals that the Board considers a respective tax allocation for, it is recommended that the Board provide direction to staff on preferred allocation distribution methodology and/or principles.

 

ALTERNATIVES

The Board could decline to move forward with direction on a policy, or could provide staff with any other alternate direction.

 

OTHER DEPARTMENT / AGENCY INVOLVEMENT

N/A

 

FINANCIAL IMPACT

N/A

 

CLERK OF THE BOARD FOLLOW UP ACTIONS

None at this time.

 

STRATEGIC PLAN COMPONENT

Good Governance

 

CONTACT

Shawne Corley, Assistant CAO