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Santa Clara council votes to place Measure I debt levy on 2025–26 tax roll
Summary
The Santa Clara City Council on Tuesday voted unanimously to adopt a resolution directing the county to place an ad valorem property tax levy on the 2025–26 tax roll to begin paying debt service on the voter-approved Measure I general-obligation bonds.
The Santa Clara City Council on Tuesday voted unanimously to adopt a resolution directing the county to place an ad valorem property tax levy on the 2025–26 tax roll to fund debt service on Measure I, the $400 million general obligation bond approved by voters in November 2024.
Council action came after a presentation from Finance Director Ken Lee and city staff explaining the timing and sizing of an initial issuance and the tax-rate mechanics. Lee said the council must place the levy now to allow the county to bill for collections that begin in November 2025 and February 2026 so the city can make its first debt payment in August 2026.
Measure I, approved by 69.41% of voters in November 2024, funds a range of capital…
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