City Council

9) RECEIVE AND FILE A PRESENTATION ON THE CITY’S PENSION AND OTHERPOST-EMPLOYMENT BENEFITS LIABILITIES AND CONSIDERATION TO ADOPT A RESOLUTIONSETTING THE PROPERTY TAX RATE REQUIRED TO MEET THE CITY’S OBLIGATION TO THECALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM FOR FISCAL YEAR 2026-2027Recommend that the City Council:a. Receive and file a presentation on the City’s Pension and Other Post-Employment BenefitsLiabilities;b. Adopt Resolution No. 8481 establishing the amount necessary to be raised by taxation forthe City’s annual payment to the California Public Employees’ Retirement System;c. Adjust the property tax rate for Fiscal Year 2026-2027 to $0.180471 per $100 of assessedvaluation; andd. Authorize staff to submit the required tax rate input forms to the County of Los Angeles tolevy the tax rate on all taxable property in the City.