18 results for “retirement system” · proposal
18 results for “retirement system” · proposal
Ordinance No. 2012-14 authorizes the City of Fresno to levy a property tax on taxable property within the city for fiscal year 2012-13 to fund the Fresno Fire and Police Retirement System and the Fresno City Employees' Retirement System. The tax rate is fixed at .032438 per $100.00 of gross assessed valuation, consistent with the rate originally adopted in Ordinance 83-116 on August 16, 1983. The County of Fresno is directed to assess, equalize, levy and collect the tax, with proceeds applied exclusively toward indebtedness incurred in maintaining retirement benefit levels that existed when the City Charter was adopted by voters in 1957. The ordinance references validation of the tax by the California Superior Court in Action No. 300260-7 and is effective upon adoption.
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