1. Property Tax Rate Reduced to $0.05 per $100 of Assessed Valuation for FY 2026/2027 The Board adopted Resolution No. 1376, lowering the ad valorem tax rate by $0.01 compared to last year. This tax funds the Agency's State Water Project obligations. Finance Director Slough noted that the Agency's Replenishment Assessment Charge (RAC) will continue increasing by $20/year until it fully covers water transportation and distribution costs — meaning over time, more imported-water costs shift from property taxes to per-unit water charges, which benefits lower-usage properties and encourages conservation.
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