CC Resolution No. 3532
RESOLUTION NO. 3532
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
SETTING TAX RATES FOR THE FISCAL YEAR 1973-1974
WHEREAS, the City Council of the City of Cupertino has adopted a
budget for th~ fiscal year ending June 30, 1974; aud
WHEREAS, it is Ilecessary that a tax rate be established to raise
the revenue required for the operation of said budget;
NOW, THEREFORE, BE IT RESOLVED:
Section 1. That the rate of 23.0<; per $100.00 assessed valuation
be the tax rate of the City of Cupertino for the fiscal year 1973-1974
and to be applied to General Fund purposes.
Section 2. That the rate of 3.0<; per $100.00 assessed valuation
be the tax rate of the City of Cupertino for the fiscal year 1973-1974
and to be applied to the redemption and interest expense of the City
Hall Bonds.
Section 3, That the rate of 5.0<; per $100,00 assessed valuation
be the tax rate of the City of Cupertino for the fiscal year 1973-1974
and to be applied to the redemption and interest expense of the Park
Bonds.
Section~. That the City Clerk is instructed to file a certified
copy of this resolution with the proper County authorities.
PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Cupertino on the 20th day of August, 1973, by the following vote:
AYES: Councilmen -
Frolich, Jackson, Meyers, Sparks, Irwin
NOES: Councilmen -
None
ABSENT: Councilmen-
None
ATTEST:
~-
City C,ler
APPROVED:
f¡z¡JX !b;,oo
TOTAL AD VALOREM REVENUES
TAX RATE PER
General
Parks
City
Bond
H:1ll Bond
Total Tax
Rate
$
'$
0.230
0,050
0.030
0.31
$ 196 ,080
$
42,630
25,575
$ 68.205 $ 264.285
$
'$
0.230
0,050
0,030
0.3C
L-133.740
$
50,815
30.485
$ 81.300 $ 31~
$100 A. V
Fund
$
196,080
$
~33
740
SrBVE:-;T!ONS
Secured Business
ExeM?tioi1s
Unsecured Business
Exemptio:1s
Sub-Total
Exemptions
State Subventions
Total
Ho:æm·;ners
Total
Assessed Valuations
L8~8.670
1,541,070
$ 2.188.200
2,462.250
$ 4,650,450
$
$
5.035
5,665
10,700
$
$
1,750
] ,970
3,720
$
$
6,785
7,635
14,420
$101,627.324
2,396.160
$ 5.163.254
6,539,750
$ 11,703,004
_Í25lQ.
$ 11,875
15,040
--
1....-26,915
1,915
$ 4,130
5,230
$
9,,]68
7,425
$ 16,GOS
20.2iO
- -
$ 36,275
Ioven tory
$
647,130
$
$
$
$
2,767
094
$
6.365
$
2,215
$
8,580
$ 174.950 $ 60.855
____25,570 a,~o
$ 200.520 $ 69.745
1,930 7.470 2,741,600' _~_ 2,19,~
$ 64.485 $ 249,865 $ 89,924,320 $ 206,825 $ 71,940
STATE
STATE ASSESSED
Public Utility Valuations
Total Local Valuations
Inventory
2.407,530
$ 80.598.220
5,540
$ 185,380
8,500
L-.l78.765
LOCALLY ASSESSED
Secured Property
Un~ecured Property
Sub-Total
$ 66.369,220
11.821,470
$ 78,190,690
$
179,840
$
62
555
$
242
395
$ 76)066,3/~O
l1,116.3CO
$ 87,182,720
$ 235,805
34.',60
$ 270.265
Assessments
$
1972-1973 A~l
General Fund Debt
$
Service
$
~
Assessments
1973-1974 Actual Proiections
Genend Fund Debt Service
!ill!
..,
City of Cupertino
ASSESSED VALUATION AND TAX RATES
1973-1974