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Board sets community center bond tax rate for FY 2026–27
Summary
Board held a public hearing and approved Resolution 2026‑18 to set the tax rate for voter‑approved community center bond debt; staff explained the rate calculation and that a small decline in rate reflected changed assessed valuations.
At a public hearing the board reviewed the ministerial calculation to set the tax rate that will raise funds to pay voter‑approved debt for the community center bond. Staff explained the county assessor supplies secured assessed valuations that feed a formula; this year’s calculated rate was recorded as 0.0201 (per the staff discussion of the formula). Directors asked why the rate fell from last year; staff said assessed values and the formula inputs produced the decrease.
Board members also asked whether bond interest or cost‑of‑living adjustments affect the rate; staff responded the rate change was driven by property values rather than bond terms. There was no public comment and the board approved Resolution 2026‑18 on roll call.
