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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 of assessed value for the General Services District and 0.2271 per $100 for the Urban Services District. Mary Jo Wiggins of Finance clarified committee discussion, saying the certified rate is the revenue‑neutral rate after equalization "not in effect now," and that the proposed budget may change the tax levy that ultimately appears on bills.
Council members discussed public confusion over which rate taxpayers should use when estimating liabilities. Council member Johnson explained how assessed values and the certified rate interact and emphasized that the proposed budget could change the final tax levy.
The substitute was approved in committee 11-0 and the resolution as substituted was then approved by the committee by the same margin; the action affirms the rate submitted to and approved by the State Board of Equalization and includes the signed calculation form from the assessor and mayor in the substitute language.
