LEGISLATIVE COUNSEL'S DIGEST


SB 85, as amended, Cogdill. Local government finance.
Existing property tax law requires the county auditor, in each
fiscal year, to allocate property tax revenues 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, for purposes of property tax revenue allocations
for the 2011-12 and 2012-13 fiscal years, require the county auditor
for a county for which a negative sum was calculated pursuant to a
specified former statute, in reducing the amount of property tax
revenue otherwise allocated to the county by an amount attributable
to that negative sum, to apply a reduction amount equal to the
reduction amount determined for the 2010-11 fiscal year.
specified fiscal years.
This bill would also, for the 2011-12 fiscal year and for each
fiscal year thereafter, require the auditor of a qualified county, as
defined, to increase the total amount of ad valorem property tax
revenue otherwise required to be allocated to that county by the
county equity amount, as defined, and to commensurately reduce the
total amount of ad valorem property tax revenue otherwise required to
be allocated to school entities in the county, as specified.
By imposing new duties in the annual allocation of ad valorem
property tax revenues, the bill would impose a state-mandated local
program.
The California Constitution requires the state to reimburse local
agencies and school districts for certain costs mandated by the
state. Statutory provisions establish procedures for making that
reimbursement.
This bill would provide that no reimbursement is required by this
act for a specified reason.

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Comments/questions on SB 85 (Cogdill): Local government finance.