REPORT TO SHASTA COUNTY BOARD OF SUPERVISORS

BOARD MEETING DATE:  September  13, 2022
CATEGORY:  Consent - General Government-1.

SUBJECT:

Adopt a resolution which approves the Fiscal Year 2022-23 Countywide Tax Rate, Unitary Debt Service Rate, and the tax rates for bond sinking funds, voter-approved debt, and tax overrides.

Supervisorial District No. :  All

DEPARTMENT CONTACT:  NOLDA SHORT, AUDITOR-CONTROLLER

STAFF REPORT APPROVED BY:  NOLDA SHORT, AUDITOR-CONTROLLER (530) 245-6657

RECOMMENDATION

Adopt a resolution which approves the Fiscal Year 2022-23 Countywide Tax Rate, Unitary Debt Service Rate, and the tax rates for bond sinking funds, voter-approved debt, and tax overrides.

DISCUSSION

The approval of these tax rates is necessary in order to satisfy voter-approved liabilities in the form of bond sinking funds, debt service, or tax override obligations. Also, the approval of the Countywide Tax Rate provides funding for the continued operation of the County and all other agencies, which are entitled to current tax receipts. Annual approval of these rates by the Board of Supervisors is required pursuant to Government Code Section 29100.

ALTERNATIVES

Government Code Section 29100, requires each county to adopt rates to be levied on the secured property tax roll that will satisfy amounts necessary to meet bond payments and debt for voter approved assessments.

OTHER AGENCY INVOLVEMENT

The Tax Collector will collect the taxes. The Auditor-Controller is the director for most of the debt service funds; however, some non-school agencies manage their own funds and are responsible for issuing the bond payments. The County Administrative Office has reviewed the recommendation.

FISCAL IMPACT

A portion of the taxes collected will be apportioned to Shasta County. The remainder is apportioned to other agencies, or is used to satisfy debt requirements.