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AUDITOR-CONTROLLER - Auditor-Controller Krista Peterson
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Requested Action(s)
recommendation
a) RESOLUTION - Request adoption of a Resolution approving tax rates for Fiscal Year 26/27 as outlined in Exhibit “A”
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Financial Impact:
Adoption of the Resolution allows collection of secured taxes providing discretionary revenue and funds necessary to make payments on bonded indebtedness.
Background Information:
On or before October 3rd of each year, the Board shall adopt by resolution, the tax rates on the Secured Roll as required by Government Code § 29100. The following rates and calculations are established as follows:
• Countywide Tax Rate: The Countywide tax rate of 1% is established pursuant to state law.
• Unitary Tax: Unitary tax rates are calculated by the County Auditor-Controller’s Office.
• Local Voter-Approved Bond Debt Service Rates: Debt service tax rates for locally approved voter bonds are calculated by the Auditor-Controller’s Office based on the applicable bond payment schedules and current debt service requirements.
• Shasta College Bonds and Orland Joint Bond Rates: Tax rates for the Shasta College Bonds and Orland Joint Bond are established by the respective counties.