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The Alameda County Assessor's tax roils for the 1967-
<br />68 fiscal year show that some of the larger tsxpayers in the
<br />City of Pleasanton are:
<br />
<br />Taxpayer Assessed Valuation
<br />Kaiser Industries $770,520
<br />Stoneson Development Corporation 683,150
<br />Scholastic Magazines, Inc. 414,070
<br />First Pleasaoton Investors 243,550
<br />Hansen Properties 229,250
<br />George R. Dotson 109,000
<br />Essenar Investments 104,100
<br />Safeway Stores, Inc. 99,500
<br />Land Development and Invesunent Co. 88,000
<br />Rowe Peterson & Co. 75,000
<br />
<br /> Pleasanton has a favorable record of tax collections.
<br />Table II shows a five-year history of tax levy, delinquencies,
<br />and percentage of taxes delinquent at the end of each
<br />respective fiscal year. Most taxes shown as delinquent in
<br />the City records at June 30 are, as a pract'md matter, col-
<br />lected shortly thereafter~
<br /> The rapidly increasing assessed valuation has enabled
<br />the City ~0 provide essential public services while reducing
<br />the tax rate. A history of tax rates fot the seven-year period
<br />is shown as Table III.
<br />
<br />CITY'S FINANCIAL POSITION
<br /> The budget for 1968-69, summarizedas Table IV, shows
<br />expenditures of $1,449,640 and revenues of $1,356,226.
<br />The City does not budget all special fund expenditures
<br />and revenues. Therefore the expenditures shown in Table
<br />IV exceed revenues. Certain expenditures budgeted in the
<br />various departments are properly transferrable to the special
<br />funds. Table IV shows in summary form the sources of
<br />revenues and expenditures by function:
<br />
<br />Fiscal Year
<br />
<br />1964-65
<br />1965-66
<br />196647
<br />1967-88
<br />
<br /> TABLE II
<br />
<br /> CITY OF FtlASANTON
<br />
<br />TAX COU~-CT1ON HISTORy (Current Roll}*
<br />
<br /> Secured Delinquent at June 30
<br />Tax I~t,/* i, Amount Percent
<br />70,502 $ 637 0.90
<br />79,292 978 1.23
<br />105,121 1,555 1.48
<br />148,352 3,808 2.57
<br />214,136 2,149 1.00
<br />
<br /> *As shown in records of Alnmed~ Count,/ .~uditor.
<br />**For City purposes only.
<br />
<br /> TABLE III
<br /> CITY OF Ff.~A~ANTON
<br /> HISTORY OF TAX RATES
<br />
<br /> lint $100 ef a.-
<br />Fiscal Year rased valuation)
<br />1.961-62 $1.40
<br />1962-63 1.38
<br />1963-64 1.38
<br />1964-65 1.32
<br />196546 1.30
<br />1966-67 1.30
<br />1967-68 1.18~
<br />1968-69 1.293
<br />
<br /> 'The City levied a tax in two code areas in 1967-1968. The
<br />rate shown here is for code a~ea No. 1. The mx rote for code
<br />stes No. 2 is $1.15.
<br /> ~he tax r~te shown is for code area No. 1. The rate for code
<br />are~ No. 2 b $1.27
<br />
<br /> TABLE IV
<br /> CITY OF PLIASANTON
<br />SUMMARY OF OPERATING Rf~NUES ANO IXP~IDITIJRES
<br />1968-69 Budget
<br />
<br />Property Taxes $307,306 23% Gen .ev.'al Go~,ernment /' $369,158 25%
<br />Sales Taxes 121,200 9% Police Protection 201,655 10%
<br />Water Sales 240,513 18% Fire Protection 142,465 14%
<br />Sewer Service 107,127 8% Public Works · 670,284 46%
<br />Licenses, Permits and Franchises 182,050 13% Recreation 66,078 5%
<br />Charges for Current Services 187,750 14%
<br />Revenues from Other Agencies 73,200 5%
<br />All Others 137,080 10%
<br /> .$1,356,226. 100% $1,449,640 100%
<br />
<br />7 ~
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