City Council

6)\nCONSIDERATION TO ADOPT A RESOLUTION SETTING THE PROPERTY TAX RATE REQUIRED TO\nMEET THE CITY’S OBLIGATION TO THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM\nFOR FISCAL YEAR 2025-2026\nRecommend that the City Council:\na. Adopt Resolution No. 8404 establishing the amount necessary to be raised by taxation for\nthe City’s annual payment to the California Public Employees’ Retirement System;\nb. Adjust the property tax rate for Fiscal Year 2025-2026 to $0.168977 per $100 of assessed\nvaluation; and\nc. Levy that tax rate upon all taxable property in the City.