Gann Initiative Tax Proceeds

Board of Supervisors

Meeting Date: 11/13/2018

Preview

The Board will hear a request from the Department of Finance to adopt a resolution determining the fiscal year 2018-19 appropriations of tax proceeds pertaining to the County of Marin in accordance with Article XIII-B of the State Constitution, Proposition 4 Gann Initiative. The Gann Limit was established in 1979 after the passage of Proposition 13 and was passed by voters to cap annual appropriations made by California and local government taxing agencies. The limit must be calculated on an annual basis and only increase annually by growth and population factors and/or temporarily through voter approval in accordance with California law. The law requires state and local governments to return any funds in excess of the appropriations limit within two fiscal years with some exceptions. The aggregate tax proceeds limit for both the County and special districts governed by the County Board is $342,915,796, and proceeds subject to the limit are $201,908,123.

Review

The Board adopted the resolution.

Need more info? See the staff report about the Gann Initiative tax proceeds.

Contact: Roy Given, Director of Finance

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