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Committee advances property‑tax ordinances and appropriations limit report to full Board
Summary
The committee advanced ordinances levying property taxes for city and related entities and a resolution establishing the FY2010/11 appropriation limit; staff reported a blended rate of 1.164 per $100 assessed value and said the city remains under the GANN limit. Estimated homeowner impact examples were provided.
The Budget and Finance Committee advanced a package of ordinances and a resolution to the full Board that set property‑tax rates for the City and County of San Francisco, the Community College District and the Unified School District for the fiscal year ending June 30, 2011, and established the FY2010/11 appropriation limit required under the California Constitution.
Leo Levinson, Director of Budget and Analysis in the Comptroller’s Office, told the committee the combined property tax rate presented is 1.164 per $100 of assessed value — a slight increase from the prior year driven largely by increased debt obligations of the school district. Using an example case, the office estimated an increase of roughly $8.62 for a household in the presented scenario. Budget analyst Mr. Rose offered an alternative $500,000 example, noting an $11 annual increase.
Levinson also summarized the GANN (appropriation) limit report, saying the city’s calculated limit would be about $2.4 billion while the amount of spending subject to the limit remained under about $2.1 billion, leaving the city within the constitutional limit.
The committee recommended advancing Items 3 through 7 to the full Board with recommendation.
