Monterey Park
City Council
Agenda Item C
9.C. Identifying a tax rate for collecting voter authorized property taxes for employee\nretirement benefits based on the assessed property valuation established by the\nCounty Assessor’s Office\nIt is recommended that the City Council consider:\n1. Adopting a Resolution identifying the tax rate and amount of tax revenue required to\nfulfill the voters’ intent in funding the City’s retirement system; and\n2. Taking such additional, related, action that may be desirable.