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Elk Grove Unified approves CFD tax report, keeps current rates for existing development
Summary
The board adopted the Community Facilities District 2025–26 tax report and the second reading and adoption of Ordinance No. 1 (25–26), retaining the $45.84 current rate for existing development and specifying the rates for future development periods.
The Elk Grove Unified School District board unanimously adopted the Community Facilities District (CFD) 2025–26 tax report and approved Ordinance No. 1 (25–26) at second reading.
Dr. Coates summarized the tax report and reminded the board that the tax report continues the current maximum rates authorized by earlier resolutions and the 1998 bond election. He said the tax report retains a rate of $45.84 per year for existing development and a rate of $117.84 per year for future development, with specific higher assessments for development occurring in certain date ranges (e.g., $180 per year per taxable unit for future development occurring from July 1, 1998, through June 30, 2001, and $200 per year for later future development as specified).
President Vargas entertained a motion; Mr. Yang moved the tax report and ordinance and Miss Baldwin seconded. The motion passed unanimously.
The board took no additional fiscal action beyond the adoption of the CFD tax report and ordinance in this meeting; staff said the item had been noticed in the Elk Grove Citizen on Aug. 1 and had been opened for public testimony at the board’s July 22 meeting with no public input at that hearing.
