City Council Agenda Report
Meeting Date: July 2, 2024
From: Deborah Harrington, Interim City Clerk
Department: City Clerk
Submitted by: Yonnie Parker, Deputy City Clerk
Subject
Public Safety Special Parcel Tax
Recommendation
Re-Adopt Resolution No. 2024-13 determining the Public Safety Special Parcel Tax levied for Fiscal Year (FY) 2024-25, pursuant to Municipal Code Section 3.20.020.
Background
On June 18, 2024, the City Council adopted Resolution No. 2024-13 determining the Public Safety Special Parcel Tax (Public Safety Tax) levied for Fiscal Year (FY) 2024-25. At the time of adoption, the preliminary Special Parcel Tax Assessment List exhibit was inadvertently left out of the resolution. Staff is requesting that Council re-adopt Resolution No. 2024-13 with the preliminary Assessment List included as Exhibit A to the resolution. The Assessment List is preliminary as a final list is pending from the County of Los Angeles and is typically released by the County in August. In accordance with the Public Safety Tax Rate Calculation set by Vernon Municipal Code (VMC) Section 3.20.020, Resolution No. 2024-13 sets the maximum Public Safety Tax rate for FY 2024-25 at $0.03831 per square foot of taxable area. The tax rate for FY 2024-25 is an approximate increase of 4.03% over the FY 2023-24 rate. Details regarding the calculation and additional information were provided in the Agenda Item Report for the June 18 meeting (Attachment 2).
Pursuant to VMC Section 3.20.020(f), the tax is collected on the County of Los Angeles property tax bill. At the June 18, 2024 Council Meeting, Council also approved and authorized the Financial Services Administrator to execute an agreement with the County Auditor Controller’s Office for the collection and distribution of the Public Safety Special Parcel Tax. There is no additional action required by Council regarding the required agreement with the County as said agreement will be executed based on the June 18 approval.
Fiscal Impact
Based on the rate of $0.03831 per square foot of taxable parcel area, and by implementing the recommended action, the City's Public Safety Tax revenue will increase from approximately $2.263 million to approximately $2.334 million, providing an estimated additional $71,000 for the FY 2024-25 Budget.
Attachments
1. Resolution No. 2024-13
2. Agenda Item Report from June 18, 2024 Council Meeting