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Committee approves substitute setting certified tax rate to revenue‑neutral levels; finance clarifies timing
Summary
Committee approved a substitute to record the certified revenue‑neutral tax rates—1.9953 per $100 (General Services District) and 0.2271 per $100 (Urban Services District)—and finance clarified that the certified rate is not yet the operative levy if the council approves a different tax ordinance.
The Budget & Finance Committee approved a substitute resolution that records the certified, revenue‑neutral tax rate as approved by the State Board of Equalization and expresses the rates to four decimal places.
Director Darby (finance) explained the substitute sets the certified tax rate at 1.9953 per $100…
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