Existing property tax law provides for the annual allocation of property tax revenues in each county in accordance with property tax revenue apportionment factors that are determined for each recipient jurisdiction in accordance with a specified formula.
This bill would, except as otherwise specified, deem to be correct those property tax revenue apportionment factors that were applied in allocating property tax revenues in the County of Santa Clara for the Santa Clara County Central Fire Protection District for each fiscal year from the 1988–89 fiscal year through the 1996–97 fiscal year. The bill would also deem correct those property tax apportionment factors that were applied in allocating property tax revenues for specified fire protection districts in the County of Santa Barbara for the 1993–94 fiscal year through and including the 1996–97 fiscal year. This bill would, however, require property tax revenue apportionment factors applied in allocating property tax revenue in the Counties of Santa Barbara and Santa Clara for the 1997–98 fiscal year, and each fiscal year thereafter, to be determined on the basis of property tax revenue apportionment factors for prior fiscal years that have been corrected or adjusted as would be required if those prior apportionment factors had not been deemed correct by this bill.
Existing property tax law requires the county auditor, in each fiscal year, to allocate property tax revenue to local jurisdictions in accordance with specified formulas and procedures, and generally requires that each jurisdiction be allocated an amount equal to the total of the amount of revenue allocated to that jurisdiction in the prior fiscal year, subject to certain modifications, and that jurisdiction’s portion of the annual tax increment, as defined. Existing property tax law also reduces the amounts of ad valorem property tax revenue that would otherwise be annually allocated to the county, cities, and special districts pursuant to these general allocation requirements by requiring, for purposes of determining property tax revenue allocations in each county for the 1992–93 and 1993–94 fiscal years, that the amounts of property tax revenue deemed allocated in the prior fiscal year to the county, cities, and special districts be reduced in accordance with certain formulas. It requires that the revenues not allocated to the county, cities, and special districts as a result of these reductions be transferred to the Educational Revenue Augmentation Fund in that county for allocation to school districts, community college districts, and the county office of education.
This bill would deem to be correct those transfers to the Educational Revenue Augmentation Fund of the County of Santa Clara made by specified fire districts in that county for each fiscal year through the 1996–97 fiscal year. This bill would, however, require property tax apportionment factors applied in allocating property tax revenue to these districts for the 1997–98 fiscal year, and each fiscal year thereafter, to be determined on the basis of apportionment factors for prior fiscal years that have been corrected or adjusted as would be required if those prior apportionment factors had not been deemed correct by this bill.
This bill would make legislative findings and declarations as to the necessity for special statutes.