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The memorandum outlines a recommendation to increase the Library Parcel Tax rates for Fiscal Year 2025-2026 by 2.69% over the previous fiscal year. This increase aims to provide continued funding for library services and facilities. The proposed tax rates for various parcel types are detailed, with the increase expected to generate approximately $11.2 million in revenue for the library system. The memorandum includes historical context regarding the Library Parcel Tax and its adjustments based on the Consumer Price Index (CPI).
Key points
Recommendation to increase Library Parcel Tax rates by 2.69% for FY 2025-2026.
The increase is intended to maintain and enhance library services and facilities.
The proposed tax for single-family or condominium/townhome parcels will rise from $40.03 to $41.11.
The Library Parcel Tax was initially adopted in 2004 and extended in 2014 for a 25-year term.
The increase is based on the CPI for the San Francisco-Oakland-Hayward area.
Estimated tax collection for FY 2025-2026 is approximately $11.2 million.
Limitations
The document includes placeholders for specific dates and dollar amounts that are not filled in.
The attachment with detailed tax rates is referenced but not fully included in the extracted text.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 11,611 chars
COUNCIL AGENDA: 6/10/25 FILE: 25-634 ITEM: 2.13 TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: Approval to Increase the Library Parcel Tax Rates for Fiscal Year 2025-2026 Approved FROM: Maria Öberg Jill Bourne Date: May 19, 2025 Date 5/28/25 RECOMMENDATION Adopt a resolution increasing the Library Parcel Tax rates for Fiscal Year 2025-2026 by 2.69% over the Fiscal Year 2024-2025 rates and approving the placement of the Library Parcel Tax on the Fiscal Year 2025-2026 Santa Clara County Property Tax Roll. SUMMARY AND OUTCOME The proposed increase in Library Parcel Tax rates will continue to provide funding to maintain and enhance Citywide library services and facilities through the acquisition of materials, the development and delivery of educational and digital literacy programs, and the repair, equipping, and staffing of libraries. BACKGROUND In August 2004, the City Council adopted Resolution No. 72268 placing a Library Parcel Tax, as provided in the San José Library and Reading Protection Ordinance, on the November 2004 General Municipal Election. The Library Parcel Tax was approved by the required two-thirds vote of the electorate. The Library Parcel Tax took effect on July 1,...
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The source text indicates this attachment appears to be a draft document.
This resolution proposes an increase in the Library Parcel Tax rates for the fiscal year 2025-2026 by 2.69% over the previous fiscal year. The resolution outlines the history of the Library Parcel Tax, its funding contributions to the San José Public Library System, and the requirement for the City Council to approve the tax rate for placement on the Santa Clara County Property Tax Roll. The proposed tax rates for various land use classifications are detailed in an attached exhibit.
Key points
The Library Parcel Tax rates for FY 2025-2026 will increase by 2.69%.
The tax provides approximately 18% of the San José Public Library System’s Operating Budget.
The resolution is necessary for the County of Santa Clara to place the tax on the property tax roll.
The complete tax schedule is included as Exhibit A, detailing rates for different parcel types.
Limitations
The document appears to be a draft, as indicated in the text.
Specific dates for adoption and voting are not provided.
Certain fields in the resolution, such as the adoption date and vote counts, are left blank.
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Extracted text preview · 10,296 chars
NVF:KMM:CLS 5/28/2025 RESOLUTION NO. ______________ A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE APPROVING THE INCREASED LIBRARY PARCEL TAX RATES FOR FISCAL YEAR 2025-2026 BY 2.69% OVER THE FISCAL YEAR 2024-2025 RATES AND APPROVING THE PLACEMENT OF THE LIBRARY PARCEL TAX ON THE FISCAL YEAR 2025-2026 SANTA CLARA COUNTY PROPERTY TAX ROLL WHEREAS, on August 3, 2004, the Council of the City of San José (“City”) adopted Resolution No. 72268, placing a ten (10) year Library Parcel Tax, as provided in the San José Library and Reading Protection Ordinance (Chapter 4.79 of the San José Municipal Code), on the November 2, 2004 General Municipal Election ballot, which was approved; and WHEREAS, the Library Parcel Tax took effect on July 1, 2005 with an expiration date of June 30, 2015 and provides funding to maintain and enhance Citywide library services and facilities; and WHEREAS, on March 4, 2014, the City Council adopted Resolution No. 76935 placing an extension of the existing Library Parcel Tax on the June 3, 2014 Special Municipal Election ballot, which was approved, extending the Library Parcel Tax for the period beginning July 1, 2015 through June 30, 2040; and WHEREAS,...