BOARD AGENDA MEMORANDUM
SUBJECT:Title
Accept the Fiscal Year 2022-23 Safe, Clean Water and Natural Flood Protection Special Tax Summary Report, and Adopt a Resolution Providing for Levy of the Special Tax Rates and Authorizing a Procedure for Correcting Special Tax Amounts for Fiscal Year 2022-2023.
*PREVIOUSLY LISTED AS ITEM 2.8
End
RECOMMENDATION:Recommendation
A. Accept the Fiscal Year 2022-23 Safe, Clean Water and Natural Flood Protection Special Tax Summary Report; and
B. Adopt the Resolution PROVIDING FOR LEVY OF THE SPECIAL TAX PURSUANT TO THE SAFE, CLEAN WATER AND NATURAL FLOOD PROTECTION MEASURE IN THE COMBINED FLOOD CONTROL ZONE OF THE SANTA CLARA VALLEY WATER DISTRICT AND AUTHORIZING A PROCEDURE FOR CORRECTING SPECIAL TAX AMOUNTS FOR FISCAL YEAR 2022-2023.
Body
SUMMARY:
Provisions of Resolution 20-64 (Providing for the continuation and levy of special tax to pay the cost of a Safe, Clean Water and Natural Flood Protection Program in the combined flood control zone of the Santa Clara Valley Water District (Valley Water) subject, nevertheless, to specified limits and conditions) require Valley Water's Chief Executive Officer to prepare a written report recommending rates for the Safe, Clean Water and Natural Flood Protection (Safe, Clean Water) Special Tax, which was approved by voters on November 3, 2020. Rate limits as specified in the Safe, Clean Water ballot measure are indexed to the fiscal year (FY) 2021-22 rates plus the change in the Bay Area Consumer Price Index (CPI) or 2 percent, whichever is greater.
Based on projected costs of the Safe, Clean Water Program activities, and reports released by the Bureau of Labor Statistics indicating that the change in CPI from February 2021 to February 2022 is 5.19 percent, staff recommends that the special tax rates for FY 2022-23 be set at their maximum level, which would reflect a 5.19 percent increase.
The senior exemption provided for in the ballot measure will continue to allow low-income...
Click here for full text