Proposition 13, the “People’s Initiative to Limit Property Taxation,” which limited the tax rate for real estate as follows: the maximum amount of any tax on real property shall not exceed 1% of the full cash value of such property. The City of Tustin receives $0.13 cents per dollar of the Prop 13 tax. On November 5, 1996, the California electorate approved Proposition 218, the self-titled “Right to Vote on Taxes Act.” Proposition 218 added articles XIIIC and XIIID to the California Constitution and made numerous changes to local government finance law. Public officials are required to conduct the public’s business in compliance with Proposition 218.
Proposition 218
Public Employees’ Retirement System (PERS) Ralph M. Brown Act
Provides retirement and health benefit services to members from the state, school districts and local public agencies (www.calpers.ca.gov).
The Brown Act is a California law that ensures the public can attend and participate in meetings of local government.
Redevelopment Agency (RDA)
Formerly charged with the oversight for the redevelopment process for the City of Tustin. In June 2011, the Redevelopment Dissolution Act, AB1x26, was signed by the Governor and later upheld by the California Supreme Court. As a result, all redevelopment agencies in California were dissolved effective February 1, 2012. A federal and state funded grant program used for projects located on highway systems (classified higher than local roads or rural minor collectors), bridges on any public highway, and transit systems.
Regional Surface Transportation Program (RSTP)
Reserve
A designated amount of funds set aside from a fund’s balance which is legally restricted for a specific purpose and is therefore not available for general appropriations.
Resolution
A special or temporary order of a legislative body (e.g. City Council or Planning Commission) requiring less formality than an ordinance.
Resources
Units of dollars or physical input, such as work years or work hours, and other assets used to support and attain program objectives.
Revenue
Annual income received by the City.
Right of Way
ROW – a strip of land occupied or intended to be occupied by a street, crosswalk, railroad, electric transmission line, oil or gas pipeline, water main, sanitary or storm sewer main, shade trees, or special use. Recognized Obligation Payment Schedule (ROPS), prepared by the Successor Agency pursuant to the Dissolution Act (including HSC Section 34177 and Section 34191.6), on which the Successor Agency’s anticipated payments for enforceable obligations for the upcoming ROPS Payment Period(s) are listed. Used for budgetary reporting, an organizational unit that provides a distinct and unique service. Various sections within a department that provide substantially similar services may be combined into one service center – for instance, the City Clerk’s Office and City Clerk Records are combined into one service center.
Recognized Obligation Payment Schedule (ROPS)
Service Center
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