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HomeMy WebLinkAboutCity Council - 2000-73 RESOLUTION NO. 2000-73 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH FIXING THE FISCAL YEAR 2000/2001 TAX RATE WHEREAS, the City of Huntington Beach will be receiving a pro-rata portion of the one dollar($1.00)Basic Property Tax Rate levied by the County Board of Supervisors as a means of providing revenue for the operation and support of various City departments, offices and activities; and In 1978, the electorate of the City of Huntington Beach approved a City Charter revision authorizing the City to provide retirement benefits to its employees, and further providing that the City levy a property tax in excess of l% of the full cash value of property"sufficient to meet all obligations of the City for the retirement system in which the City participates"; and In Carman v. Alvord(1982) 31 Cal.3d 318, the California Supreme Court held that a tax such as that mandated by the City Charter to fund a city's employee retirement obligations is exempt from Proposition 13 (Article XIIIA of the California Constitution) as voter-approved prior indebtedness; and Since 1983-84, Revenue and Taxation Code Section 96.31(b) has limited the City to levying a maximum rate of property taxation at Zero and 0.4930/100tt' Dollars ($0.4930)per $100 of assessed value in the City to pay for employees retirement cost, notwithstanding the fact that this rate has only generated a portion of the funds necessary to pay for retirement benefits. Consequently, each year since 1983-84, the general fund has had to pay for a substantial portion of retirement benefits, although the City Charter mandated that it be paid entirely with a property tax levy; and The City currently provides retirement benefits through a contract with the Public Employees Retirement System (PERS) at the rates of 7% of miscellaneous employee payroll, and 9% of safety employee payroll. By comparison, in July 1978, as of the effective date of the City Charter revision, the City was paying PERS retirement benefits at the rate of 8.695% of payroll for miscellaneous employees, 18.827% of payroll for safety employees, and an additional 2% for fire employees; and In addition, the City provides a Supplemental Retirement Program (SRP) offering survivor's benefits. According to the actuarial valuation of the SRP for the Fiscal Years ending June 30, 1999, it carries an unfunded liability of$24,438,000; and The City retirement program today costs the City no more than the program in effect in 1978; and 1 5F/s:SF-2000 Resolution:2000/2001 Tax Rate 7/13/00-#f 1 Res. No. 2000-73 The estimated revenue to be generated from the property tax levy for 2000/2001 is $7,900,000. The estimated cost of PERS to the City is $5,000,000 for 2000/2001 and the estimated operating cost of the SRP is$1,000,000 for 2000l2001. The estimated total cost of the two programs is $6,000,000. The remainder of the $7,900,000 generated from the property tax levy will be applied to reducing the $24,438,660 unfunded liability of the SRP; and The tax levy established pursuant to this Resolution is authorized under Proposition 13, because it was authorized under the 1978 Charter Revision adopted prior to the effective date of Proposition 13. Since the 1978 Charter authorizes a tax levy to fund the retirement system, it authorizes the levy to be used to pay for all the retirement benefits the City is required to pay as part of its current retirement system; and The tax levy is exempt from Proposition 13's 1% limitation under Article XIIIA, Section 1(b)(1) of the California Constitution, and does not constitute an extension of an existing tax requiring voter approval under Proposition 218 (Articles XIIIC-D of the California Constitution) because Section 3(a)(1) of Proposition 218 exempts from the voter-approval requirement any tax already valid under Proposition XIIIA; and The tax rate herein is levied pursuant to Section 96.31(a)(4) of the Revenue and Taxation Code for the purpose of paying voter approved prior indebtedness of the City of Huntington Beach; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington Beach that the rate of taxation for said city for fiscal year 2000/2001 be fixed at zero and .04930/100ths dollars $.04930)per$100 of assessed property value in said city. The said rate shall be applied as employee retirement costs. PASSED AND ADOPTED byy the City Council of the City of Huntington Beach at a regular meeting thereof held on the 17t h day of JulY , 2000. Mayor ATTEST: APPROVED AS TO FORM: av" City Clerk 07--11 - ao City Attorney REVIEWED AND APPROVED: INITIATED AND APPROVED: Ci y Administrator Direci&of Administrative Services 2 SF/s:SF-2000 Resolution:2000/2001 Tax Rate 7/13100-#L Res. No. 2000-73 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, CONNIE BROCKWAY, the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of at least a majority of all the members of said City Council at a regular meeting thereof held on the 17th day of July, 2000 by the following vote: AYES: Julien, Garofalo, Green, Dettloff, Bauer NOES: Harman, Sullivan ABSENT: None ABSTAIN: None City Clerk and ex-officio CIG of the City Council of the City of Huntington Beach, California