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Santa Clara council authorizes ad valorem tax levy to support Measure I bond program
Summary
The Santa Clara City Council voted unanimously to place an ad valorem tax levy on the 2025–26 property tax roll to finance voter‑approved Measure I general‑obligation bonds, setting a maximum rate of $28.70 per $100,000 of assessed value and describing an average rate of about $19 per $100,000 over the life of the bonds.
The Santa Clara City Council on Tuesday adopted a resolution directing Santa Clara County to place an ad valorem tax levy on the 2025–26 property tax roll to support the city’s voter‑approved Measure I general‑obligation bond program. The council recorded a unanimous vote to authorize a maximum levy of $28.70 per $100,000 of assessed value, while staff described an expected average levy of about $19 per $100,000 over the life of the bonds.
City Finance Director Ken Lee told the council the levy is a technical, required step that allows the city to collect property‑tax revenue for future debt service on the bonds. “This is the first of the city council’s official actions that are required to issue the…
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