Property tax revenue allocations: Cordelia Fire Protection District.

Existing property tax law requires the county auditor, in each fiscal year, to allocate property tax revenue 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. Under these provisions for the 1992–93 fiscal year, the formula for special districts reduces the amounts of property tax revenue deemed allocated in the prior fiscal year to certain special districts by 35%, not to exceed 10% of a district's total annual revenues for the 1989–90 fiscal year, as reported in a specified publication of the Controller. Existing law requires the Director of Finance to ensure that the amount of these revenue reductions for all special districts equals $375,000,000 for the 1992–93 fiscal year. Existing law also 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 (ERAF) in that county for allocation to school districts, community college districts, and the county office of education. This bill would, for the 2009–10 fiscal year, decrease by $58,310 the total amount of property tax revenue deemed allocated to the Solano County ERAF for the Cordelia Fire Protection District for the prior fiscal year. This bill would also require that these allocation adjustments be incorporated into property tax revenue allocations for future fiscal years. This bill would also require the Director of Finance to ensure that this change does not result in an increase in the amount of a reduction under these provisions for any other special district. This bill would make findings and declarations regarding the necessity of a special statute. By changing the manner in which property tax revenues are allocated by county officials in the County of Solano, this 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. This bill would declare that it is to take effect immediately as an urgency statute.