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HomeMy WebLinkAboutItem No.34City of Lake Elsinore REPORT TO THE CITY COUNCIL REPORT TO THE REDEVELOPMENT AGENCY To: MAYOR AND CITY COUNCIL REDEVELOPMENT AGENCY CHAIR AND BOARD From: RON MOLENDYK, CITY MANAGER RON MOLENDYK, EXECUTIVE DIRECTOR Date: FEBRUARY 23, 1993 Subject: STATE BUDGET IMPACT - RIVERSIDE COUNTY FIRE SERVICE BACKGROUND The State has once again put local governments on notice that property tax revenue shifts will be more severe for 1993 -94. The estimates presented by the League of California Cities, is 22 %. The State has also indicated that Counties may be subject to a shift of the Special District Augmentation Funds. This value has been placed at $13 million dollars by Riverside County. Special District Augmentation funds are property taxes collected for specific services after the passage of Prop. 13 in 1978. Prior to Prop 13, the County had the authority to adopt special tax rates for these services. The State feels that the services provided by SDAF taxes can be replaced by charging fees for this service. DISCUSSION• The following recommendation represents a cooperative effort by the County and City to preserve the integrity of fire services and to retain as many property tax dollars as possible. By withdrawing from the SDAF for fire service only, the property taxes collected will flow through to the City and not the County. These funds will be subject to the proposed 22% tax shift, but the loss will be less than the shift for all SDAF funds. The City's Redevelopment Agency Agreement for Tax Increment pass - thru will have to be modified to request that the funds be appropriated to the structural fire fund. FISCAL IMPACT• If the State does in fact shift all SDAF Funds from the County, the loss of property taxes generated in the city for structural fire services is estimated to be $252,000.00. By withdrawing from the SDAF the projected 22% shift would reflect a loss of only $56,000.00 The RDA pass -thru agreements total $127,000.00 and is part of the funding for fire services in the city. Government Code Section 25643 requires County Board approval of these types of changes prior to March 1 of each year. It is also recommended that the City Resolutions required to withdraw from the SDAF, provide language that the request is conditional on the State shift of SDAF funds. C!, �c FEBRUARY 23, 1993 PAGE TWO OF TWO RECOMMENDATION• Authorize the Mayor and RDA Chairman to sign resolutions requesting the withdrawal by the City from the County SDAF and with assurances that the funds will flow through the City and the RDA tax increments will continue to flow to the Structural Fire Fund through the pass -thru agreements currently in place. Both resolutions will be considered null and void if the State does not shift the County SDAF funds. 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