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Ghiradelli Chocolate Company
<br />Kaiser Foundation Hospitals
<br />General Foods Corp.
<br />Madison Bay Fair LLC
<br />BCI Coca Bottling Co.
<br />AMB Property LP
<br />SKB Westgate Investments LLC
<br />Batarse Anthony A Jr. Trust
<br />Emerald Properties
<br />Lakeside Properties
<br />Lucky Stores, Inc.
<br />Bayfair LLC
<br />Gateway Buena Park, Inc.
<br />AMB Property LP
<br />San Leandro Hospital
<br />Subtotal
<br />All Others
<br />TOTAL
<br />$611,563,766 4.48 $517,576,321 10.64
<br />100.00% $ 100.00%
<br />(1) All amounts below include assessed value data for both the City and its Redevelopment Agency. Rankings are based on
<br />secured property taxes.
<br />Sources: City of San Leandro and Alameda County Tax Assessor's Office
<br />Sales and Use Taxes
<br />Sales and use taxes represent the second largest source of tax revenue to the City
<br />(approximately 31.7% of general governmental tax revenues in 2010 -11). This section
<br />describes the current system for levying, collecting and distributing sales and use tax revenues
<br />in the State of California. The City currently estimates $23.1 million in sales tax revenue for
<br />Fiscal Year 2011 -12, which would be an increase of approximately $1.3 million or 6% from the
<br />prior year, based upon its estimated collections following the approval of Measure Z.
<br />Sales Tax Rates. The City collects a percentage of taxable sales in the City (minus
<br />certain administrative costs imposed by the State Board of Equalization) pursuant to the
<br />Bradley -Burns Uniform Local Sales and Use Tax (the "Sales Tax Law "), as shown below. As
<br />part of the State's Fiscal Year 2003 -04 Budget, the State Legislature authorized, and the voters
<br />of the State approved, a redirection to the State from local jurisdictions (including the City) of
<br />sales revenues in the amount of 0.25% of the basic 1.0% local sales tax rate, starting July 1,
<br />2004. The State of California uses such revenues to pay the State's economic recovery bonds.
<br />Under the California Economic Recovery Act, which includes legislation commonly referred to
<br />as the "Triple Flip ", the State redirected certain property taxes in the ERAFto local governments,
<br />including the City, to compensate for this redirection of sales taxes on a "dollar for dollar' basis.
<br />Under this legislation, along with the guarantees provided by the passage of Proposition 1A in
<br />November 2004, the City expects that there will not be any significant fiscal impacts on the City
<br />resulting from the "Triple Flip ". See also "CONSTITUTIONAL AND STATUTORY LIMITATIONS
<br />ON TAXES AND APPROPRIATIONS - Proposition 1A of 2004; Proposition 22."
<br />At an election held on November 2, 2010, the voters of the City approved (by a majority
<br />vote) Measure Z, which increased the sales tax in the City by 0.25 %, to be used by the City for
<br />general purposes. The tax is scheduled to expire in 2018.
<br />A -19
<br />Valuation
<br />Valuation
<br />$101,810,306
<br />1
<br />0.75%
<br />$40,797,517
<br />10
<br />0.86%
<br />99,829,604
<br />2
<br />0.73
<br />-
<br />0.00
<br />79,025,896
<br />3
<br />0.58
<br />50,525,002
<br />4
<br />1.07
<br />75,612,883
<br />4
<br />0.55
<br />-
<br />0.00
<br />62,002,523
<br />5
<br />0.45
<br />56,244,255
<br />3
<br />1.07
<br />52,454,740
<br />6
<br />0.38
<br />-
<br />0.00
<br />46,931,656
<br />7
<br />0.34
<br />0.00
<br />38,501,413
<br />8
<br />0.28
<br />-
<br />0.00
<br />29,146,517
<br />9
<br />0.21
<br />30,926,355
<br />6
<br />0.65
<br />26,248,228
<br />10
<br />0.19
<br />22,091,809
<br />8
<br />0.47
<br />-
<br />0.00
<br />71,989,133
<br />2
<br />1.52
<br />0.00
<br />114, 694, 739
<br />1
<br />2.42
<br />0.00
<br />29,196,803
<br />9
<br />0.62
<br />0.00
<br />6,352,953
<br />7
<br />1.34
<br />0.00
<br />37,580,755
<br />5
<br />0.79
<br />$611,563,766 4.48 $517,576,321 10.64
<br />100.00% $ 100.00%
<br />(1) All amounts below include assessed value data for both the City and its Redevelopment Agency. Rankings are based on
<br />secured property taxes.
<br />Sources: City of San Leandro and Alameda County Tax Assessor's Office
<br />Sales and Use Taxes
<br />Sales and use taxes represent the second largest source of tax revenue to the City
<br />(approximately 31.7% of general governmental tax revenues in 2010 -11). This section
<br />describes the current system for levying, collecting and distributing sales and use tax revenues
<br />in the State of California. The City currently estimates $23.1 million in sales tax revenue for
<br />Fiscal Year 2011 -12, which would be an increase of approximately $1.3 million or 6% from the
<br />prior year, based upon its estimated collections following the approval of Measure Z.
<br />Sales Tax Rates. The City collects a percentage of taxable sales in the City (minus
<br />certain administrative costs imposed by the State Board of Equalization) pursuant to the
<br />Bradley -Burns Uniform Local Sales and Use Tax (the "Sales Tax Law "), as shown below. As
<br />part of the State's Fiscal Year 2003 -04 Budget, the State Legislature authorized, and the voters
<br />of the State approved, a redirection to the State from local jurisdictions (including the City) of
<br />sales revenues in the amount of 0.25% of the basic 1.0% local sales tax rate, starting July 1,
<br />2004. The State of California uses such revenues to pay the State's economic recovery bonds.
<br />Under the California Economic Recovery Act, which includes legislation commonly referred to
<br />as the "Triple Flip ", the State redirected certain property taxes in the ERAFto local governments,
<br />including the City, to compensate for this redirection of sales taxes on a "dollar for dollar' basis.
<br />Under this legislation, along with the guarantees provided by the passage of Proposition 1A in
<br />November 2004, the City expects that there will not be any significant fiscal impacts on the City
<br />resulting from the "Triple Flip ". See also "CONSTITUTIONAL AND STATUTORY LIMITATIONS
<br />ON TAXES AND APPROPRIATIONS - Proposition 1A of 2004; Proposition 22."
<br />At an election held on November 2, 2010, the voters of the City approved (by a majority
<br />vote) Measure Z, which increased the sales tax in the City by 0.25 %, to be used by the City for
<br />general purposes. The tax is scheduled to expire in 2018.
<br />A -19
<br />
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