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File #: 25-895    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 9/2/2025 In control: BOARD OF SUPERVISORS
On agenda: 9/9/2025 Final action:
Title: Adopt Resolution Fixing Tax Rates for Local Agencies, General Obligation Bonds and Other Voter Approved Indebtedness for Fiscal Year 2025/26
Sponsors: Auditor-Controller/County Clerk
Attachments: 1. Adopt Resolution Fixing Tax Rates for Local Agencies, General Obligation Bonds and Other Voter Approved Indebtedness for Fiscal Year 2025/26, 2. Revised and Added 9/5 DEBT SVC RESOLUTION 25-26
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Memorandum

 

 

Date:                                          September 9, 2025

 

To:                                          The Honorable Lake County Board of Supervisors

 

From:                                          Jenavive Herrington, Auditor-Controller/County Clerk

 

Subject:                     Adopt Resolution Fixing Tax Rates for Local Agencies, General Obligation Bonds and Other Voter Approved Indebtedness for Fiscal Year 2025/26.

 

Executive Summary:

 

Per Government Code §29100 the board shall adopt by resolution the rates of taxes on the secured roll.  These rates shall not exceed the 1-percent limited specified in Article XIII A of the Constitution and Sections 93 and 100 of the Revenue and Taxation Code.

 

For all voter-approved indebtedness, the board shall adopt a rate sufficient to satisfy debt service requirements, including any necessary reserves.  Voter-approved indebtedness rates are calculated annually by the Auditor-Controller and are available for review upon request.  Those local jurisdictions surrounding Lake County with overlapping areas, such as community colleges, provide rates to the Auditor-Controller for submittal to your Board.

 

Submitted for your review and approval are the tax rates for the 2025/26 property tax year.

 

 

If not budgeted, fill in the blanks below only:

Estimated Cost: ________ Amount Budgeted: ________ Additional Requested: ________ Future Annual Cost: ________ 

 

Purchasing Considerations (check all that apply):                                           Not applicable

Fully Article X.- and/or Consultant Selection Policy-Compliant (describe process undertaken in “Executive Summary”)                     

Section 2-38 Exemption from Competitive Bidding (rationale in “Executive Summary,” attach documentation, as needed)                     

For Technology Purchases: Vetted and Supported by the Technology Governance Committee (“Yes,” if checked)

Other (Please describe in Executive Summary)

 

Consistency with Vision 2028 (check all that apply):                                                                Not applicable

Well-being of Residents                                           Public Safety                                                                Disaster Prevention, Preparedness, Recovery                     

Economic Development                                           Infrastructure                                                                County Workforce                     

Community Collaboration                      Business Process Efficiency                      Clear Lake                                                               

 

Recommended Action: 

 

Adopt Resolution Fixing Tax Rates for Local Agencies, General Obligation Bonds and Other Voter Approved Indebtedness for Fiscal Year 2025/26.