AgdaPkt 2018-06-25 Joint SA PFA - Laserfiche WebLink

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Page 33 of 45 ATTY/CHARTER AMENDMENTS/2018/2018 DRAFT CHARTER AMENDMENTS REV: 06-25-18 VR The City Council shall serve as the Board of Equalization and shall meet on either the first, second or fourth Monday of July of each year at 7:00 p.m. and continue in session by adjournment from day to day until all returns of the aAssessor have been rectified and assessments equalized. The Board of Equalization shall have power to hear complaints, to take testimony under oath, and to correct, modify, strike out, or raise any assessment, provided that notice shall first be given to any one whose assessment is proposed to be raised, excepting in case of a uniform increase in the assessed valuation of the property of the entire cCity. (As amended April 8, 1958, ratified by Legislature April 18, 1958, as amended November; as amended November 8, 2005 certified by Secretary of State January 24, 2006.) Section 55. ANNUAL TAX LEVY: The Council must finally adopt, not later than its first regular meeting in September, an ordinance levying upon the assessed valuation of all property in the cCity, a rate of taxation sufficient to raise the amounts estimated to be required in the annual budgets and as herein provided, less the amounts estimated to be received from fines, licenses, and other sources of revenue. The Council shall then deliver the assessment roll to the aAuditor, who shall thereupon compute and carry out the amount of the tax so levied on each parcel of property contained in the assessment roll. The corrected list for each tax shall be the assessment roll of said tax for said year, and it shall be certified by the aAuditor as being the assessment roll of said tax. Section 56. LIMIT OF TAX LEVY: The tax levy authorized by the Council to meet the municipal expenses for each fiscal year shall not exceed the rate of two dollars on each one hundred dollars of the assessed valuation of the real and personal property within the cCity, except as in this Charter otherwise provided, when the assessed valuation is that as fixed and established by the County of San Mateo; provided, however, that if the assessed valuation is that as established by the City of Redwood City the tax levy authorized by the Council to meet the municipal expenses for each fiscal year shall not exceed the rate of one dollar on each one hundred dollars of such assessed valuation. The moneys collected from such levy shall be placed in the general funds of the cCity, and may be apportioned as determined by the Council. The foregoing limitation shall not apply in the event of any major catastrophe, in which case it may be temporarily suspended; provided, that no increase over said limit, except as herein prescribed shall be made in any fiscal year, unless authorized by ordinance adopted by the vote of the electors of the cCity. (As amended November 6, 1962, ratified by Legislature January 14, 1963.) Section 57. SPECIAL TAX LEVY: The Council shall have the power to levy and collect taxes in addition to the taxes herein or by general law authorized to be levied and collected in an amount sufficient to pay the bonded 8.A. - Page 41