Monterey Park

City Council

August 02, 2023 Order of Business 3 #D

Agenda Item D

3-D. IDENTIFYING A TAX RATE FOR COLLECTING VOTER AUTHORIZED PROPERTY TAXES\nFOR EMPLOYEE RETIREMENT BENEFITS BASED ON THE ASSESSED VALUATION\nESTABLISHED BY THE COUNTY ASSESSOR’S OFFICE\nIt is recommended that the City Council consider:\n(1) Adopting a Resolution identifying the amount of tax revenue required to fulfill the voters’\nintent in funding the City’s retirement system; and\n(2) Taking such additional, related, action that may be desirable.