File #: 16-00355    Version: 1
Type: Agenda Item Status: Passed
File created: In control: BOARD OF SUPERVISORS
On agenda: 5/17/2016 Final action: 5/17/2016
Title: Consider recommendations regarding impoundment of various taxing entities' 2015-2016 property tax revenue, as follows: (4/5 Vote Required) a) Approve and authorize the Auditor-Controller to impound $4,850,126.00 of 2015-2016 current year taxes from various entities' property tax revenues to mitigate potential losses from large assessment appeals filed by taxpayers; b) Approve Budget Revision Request No. 0004440 to establish appropriations of $1,821,493.00 in multiple County departments and funds for an increase in nonspendable fund balance funded by property tax revenues that have been impounded due to assessment appeals filed by taxpayers; and c) Determine that the decision to approve and authorize the impoundment is not a project under the California Environmental Quality Act (CEQA) pursuant to Section 15378(b)(4) of the CEQA Guidelines, because it is a government fiscal activity which does not involve any commitment to any specific project which may result in a potentiall...
Sponsors: AUDITOR-CONTROLLER'S OFFICE
Attachments: 1. Board Letter, 2. Attachment A - BRR No. 0004440, 3. Attachment B - 2015-2016 Proposed Impounds by TP and ATE

Title

Consider recommendations regarding impoundment of various taxing entities’ 2015-2016 property tax revenue, as follows: (4/5 Vote Required)

 

a) Approve and authorize the Auditor-Controller to impound $4,850,126.00 of 2015-2016 current year taxes from various entities’ property tax revenues to mitigate potential losses from large assessment appeals filed by taxpayers; 

 

b) Approve Budget Revision Request No. 0004440 to establish appropriations of $1,821,493.00 in multiple County departments and funds for an increase in nonspendable fund balance funded by property tax revenues that have been impounded due to assessment appeals filed by taxpayers; and

 

c) Determine that the decision to approve and authorize the impoundment is not a project under the California Environmental Quality Act (CEQA) pursuant to Section 15378(b)(4) of the CEQA Guidelines, because it is a government fiscal activity which does not involve any commitment to any specific project which may result in a potentially significant physical effect on the environment.