AR2026-001: Subject: Fiscal Year 2026-27 Tax Levy For Voter-Approved Indebtedness From: Finance Department Recommendation: Adopt A Resolution Fixing The Rate Of Property Tax And Levying A Tax On Real And Personal Property In The City Of Oakland For Fiscal Year 2026-27 For Voter-Approved Indebtedness

Description

Subject: Fiscal Year 2026-27 Tax Levy For Voter-Approved Indebtedness From: Finance Department Recommendation: Adopt A Resolution Fixing The Rate Of Property Tax And Levying A Tax On Real And Personal Property In The City Of Oakland For Fiscal Year 2026-27 For Voter-Approved Indebtedness

Summary

Oakland’s proposed FY 2026–27 resolution sets property-tax rates for voter-approved general obligation bonds and Police and Fire Retirement System obligations. The levy would support debt service for Measures DD, KK, and U; refunding bonds; an estimated 2027 Measure U bond issue; and $5 million in retirement obligations. The total estimated rate is 0.1200%, including 0.1140% for bonds and 0.0060% for retirement obligations, generating approximately $90 million for bond payments. Rates are based on assessed property values and must be reported to Alameda County by August 31. The City Administrator could adjust bond rates if valuation data changes.