Discuss Proposed FY 2027 Tax Rate Options

Staff Report & Agenda Item Details

Staff evaluated the no-new-revenue, voter-approval, and de minimis tax-rate scenarios using the current Truth-in-Taxation worksheets. The working recommendation is to develop the proposed FY 2027 budget around the de minimis rate of $0.600643 per $100 of taxable value.The de minimis rate consists of a $0.433343 maintenance-and-operations component and a $0.167300 debt-service component. It is $0.041464 above the voter-approval rate and $0.095847 above the prior adopted total rate of $0.504796.The July 27 discussion is policy direction, not the formal tax-rate adoption. Staff will return with the legally required proposed-rate vote, notices, hearing schedule, and final adoption actions after the assessor’s certified worksheet is finalized. Scenario M&O Rate Debt Rate Total Rate No-new-revenue $0.378628 $0.167300 $0.545928 Voter-approval $0.391879 $0.167300 $0.559179 De minimis (recommended) $0.433343 $0.167300 $0.600643