[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6344432,"mediaKeyId","2250876-cc65c15776b1e1504b91086d0c93bfb0","parentId",2250876,"title","Subcommittee continues review of socially responsible investment options for city portfolio","audioSeconds",140,"startMs",6768000,"endMs",6908000,"viewUrl","/Search/View?dp=1&key=2250876-cc65c15776b1e1504b91086d0c93bfb0&start=6768&end=6908","thumbnailUrl","https://assets.pipeline.soar.com/2250876-cc65c15776b1e1504b91086d0c93bfb0/thumbnail_6768000.jpg","articleUrl","/articles/6344432/Davis/Yolo-County/California/Subcommittee-continues-review-of-socially-responsible-investment-options-for-city-portfolio","mediaUrl","https://secure.pipeline.soar.com/6344432-141f80b6e9d56ff347485c0df72bf476/orig.mp4?Expires=1771205293&Signature=Qo~iNJovh3ZxyPuivhdVrKjzCGDvplx1cKOLvTON-IzAEJajKuFo5EPUA9e~noDO1m9JUP8m5c7Q8WagwL01OlaV1srgE8RaUYFL9tn4k9P7mOhPKsyzE7h~j1SORhIECdG1VpVczxELQdO4jkNRfDyVxlHq5n-ZUxwP9GL6Ryz27LapIpk3hODW633f-AmPQl8VCch~OJnlYB7v5RNEHrAMUQpG-BwWP7JF989IzoHElQsGv38~meifCXNiQHu7ul3-09gRJSHtnjUHH1MDFk5T-61DCL3H3bZFpTtHfp1BRG6pC8ePzkQeZZOjvcN4wr45ne09F-swqz2JgeftGQ__&Key-Pair-Id=KUT5TJCACFTXG","author","City of Davis, CA","date","2025-02-09T08:43:25.5Z","article","A Fiscal Commission subcommittee provided an update on its ongoing review of socially responsible investment (SRI) practices and their applicability to the city’s portfolio. The subcommittee said it has reached out to community members and several Northern California cities and received preliminary responses.

The subcommittee reported staff contacted the city’s investment manager, PFM, to ask how any SRI screens or changes might affect returns and to request details about what investable securities PFM considers, whether human-rights frameworks are used, and what restrictions currently exist. The subcommittee said it has received a response on many items and will request additional detail.

Why it matters: commissioners said they want to understand tradeoffs between SRI criteria and portfolio returns, to determine what policy changes are feasible without harming the city’s fiscal position. The subcommittee noted that public commenters on previous occasions had raised concerns about fossil-fuel exposure and other corporate practices.

Next steps: staff and the subcommittee will draft a memo summarizing PFM’s responses, comparisons with peer cities, and potential policy options for the full commission’s review; any formal recommendation would go to council if adopted by the commission.","mediaType","Video","parentTitle","Fiscal Commission - February 5, 2025","oneSentenceSummary","Commissioners reported continued engagement with community members and the city’s investment manager (PFM) to evaluate socially responsible investment (SRI) criteria and possible changes to the City of Davis investment policy; staff will collect additional PFM detail and prepare a memo for the commission.","taxTitle","Davis, Yolo County, California","taxId",4622,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6344436,"Commission forms subcommittee to develop down-payment assistance program guidance",398,6254000,6652000,"/Search/View?dp=1&key=2250876-cc65c15776b1e1504b91086d0c93bfb0&start=6254&end=6652","https://assets.pipeline.soar.com/2250876-cc65c15776b1e1504b91086d0c93bfb0/thumbnail_6254000.jpg","/articles/6344436/Davis/Yolo-County/California/Commission-forms-subcommittee-to-develop-down-payment-assistance-program-guidance","https://secure.pipeline.soar.com/6344436-4a76cb896e7a581e6a693e2b44ce1096/orig.mp4?Expires=1771205293&Signature=Si-WzPrvM79MGgaYMAwCrLHp--TsH-fUMVwrJ8yq~C8LjSKTXk8dxV0KHqCMmj4-tsT5UUcdRUSon5qI11FBfxLuHfpxFIjcueuE5tZjWREk4MSiU~LGYNxxuDb8zPqAuT2VsUb7sGK~Ic1r4Bg3U8LDzecBS6j7Nnuyz4bq-RDwqqQP-~L5-zgrcxbHZMEC-frfSfdHGxlHKnyN-CjDJ4dtlrhscgPQcPgG92BngV6pImsVYWOXDLJGC8LqOABGS2IeM46nv0OYb-9zWK2dZLs8pZ6iKJS3ztmGwqdIp73TsD7M2MT2MfjcJ5oO2coRaCnN6asRVKY9ZNmqcCviBw__&Key-Pair-Id=KUT5TJCACFTXG","City staff and commissioners discussed next steps in developing a first-time homebuyer down-payment assistance program created by a recently authorized ordinance. Donna (last name not specified) explained that the ordinance authorizes creation of the program but does not set programmatic details or funding.

Donna described the council’s request that the Fiscal Commission form a subcommittee to work with staff — and with a Social Services Commission subcommittee — to develop program guidelines that address fiscal risk, eligibility, and potential funding streams. \"It will be a combination of Lucky Dana Bailey (Social Services/Housing director), staff in finance, and this commission,\" Donna said, describing staff involvement.

Action taken: commissioners nominated and moved to appoint Nile, Leslie and Darien (first names provided in the meeting record) as the three members of the commission subcommittee to work with staff and the Social Services Commission. The motion was seconded and advanced; staff and the commission discussed coordinating meetings, Brown Act limits on subcommittees and a 60–90 day target for an initial report.

Why it matters: the ordinance authorizes a program but does not allocate funds. The subcommittee’s work will focus on minimizing city fiscal risk, establishing eligibility, and identifying funding sources before full-program recommendations are returned to the full commission and ultimately to council.

Next steps: staff offered to provide past program examples and materials to guide the subcommittee. The commission noted members can coordinate outside of a Brown Act quorum and asked staff to circulate related council materials and staff reports to inform the subcommittee’s work.","The commission appointed a three-member subcommittee to work with staff and the Social Services Commission on program guidelines for a first-time homebuyer down-payment assistance program authorized by a city ordinance; staff said no funding is yet attached and asked for a 60–90 day feedback window.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6344441,"Consultant explains Bradley-Burns, Measure O, and online-pool mechanics behind Davis sales tax",1800,3578000,5378000,"/Search/View?dp=1&key=2250876-cc65c15776b1e1504b91086d0c93bfb0&start=3578&end=5378","https://assets.pipeline.soar.com/2250876-cc65c15776b1e1504b91086d0c93bfb0/thumbnail_3578000.jpg","/articles/6344441/Davis/Yolo-County/California/Consultant-explains-Bradley-Burns-Measure-O-and-online-pool-mechanics-behind-Davis-sales-tax","https://secure.pipeline.soar.com/6344441-f1849110666b0dc1d6b099614d2072d2/orig.mp4?Expires=1771205293&Signature=bVl9L8ICxAkwehzhCroyL3eo2MGSX~Po36~oDWM4EqENeZjZs7qwIkyujAhYCMpRJ3e2sYZIvDZE~RMzYVPRSCGsnqiOiQDcG7FSoY4N88of1lUnaNWlDdrDNK6Z14qHKLfl7oydJfvqHLc9PiMS8-2zP9mnyhEahQk8uHCdT4GKS6razJKKZHhRELqyueLTKBnrztY7pR4llQfuV3crUpBsRofd2VCRRs4OVV5kVmu~L-siHHWkOrrIX2EwJ8Yixo7NG4Q63AhpBTWUXtob~REaqdJq2FRPRO1-B2hvRK5IIYVeHvlc-qcOAJzOYRXZzmRc~REBzY7Lwej4VArjjA__&Key-Pair-Id=KUT5TJCACFTXG","Susie Woodstock of HCL walked commissioners through how statewide sales tax is structured, how the local 1% (Bradley-Burns) is allocated, and how the city’s 1% Measure O (a voter-approved transaction and use tax) differs in distribution and scope.

Woodstock explained that the Bradley-Burns 1% is largely a point-of-sale allocation: “If a transaction occurs in the city, you get the 1% of that transaction,” she said. She described the indirect countywide pool for out-of-state-origin purchases (use tax) and said Davis’ county-pool share is determined by the city’s brick-and-mortar receipts relative to other county jurisdictions.

Why it matters: the mix of local businesses — autos/transportation, restaurants, general consumer goods and the portion of online sales shipped into or fulfilled within California — materially affects the city’s sales-tax receipts. Woodstock showed that Davis’ Bradley-Burns composition is weighted toward autos/transportation and restaurants, and that roughly 19% of the city’s Bradley-Burns receipts in the sample quarter came from the countywide pool.

Measure O differences: Woodstock explained Measure O (transaction/use tax) is destination-based and applies to deliveries into the city regardless of origin, and therefore captures more online shipments delivered to Davis addresses than Bradley-Burns. She also noted that auto measures under Measure O are tied to vehicle registration to a Davis address rather than where the purchase occurred.

Policy and outlook: Woodstock flagged several statewide drivers — legislative changes requiring out-of-state vendors to collect tax (Wayfair-era implementation), AB-era reporting changes around tax-sharing agreements, and minimum-wage legislation for large fast-food chains — that have had or could have local sales impacts. She provided a per-capita sales comparison showing Davis below several peer cities and discussed what types of businesses (regional destination retailers, fulfillment/order desks, auto dealerships) typically raise per-capita sales tax receipts.

Follow-up: Woodstock offered to provide the commission with standard per-capita and projection reports; commissioners asked for the presentation materials and a county report on allocations.","HCL consultant Susie Woodstock briefed the commission on how the 1% Bradley-Burns local share, the city’s 1% Measure O transaction/use tax, and the countywide online pool distribute sales-tax revenue and how industry mix and fulfillment centers affect Davis receipts.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6344446,"Consultant outlines property tax timeline and forecasts ~3.2–3.5% growth for Davis general fund in 2025–26",2089,346000,2435000,"/Search/View?dp=1&key=2250876-cc65c15776b1e1504b91086d0c93bfb0&start=346&end=2435","https://assets.pipeline.soar.com/2250876-cc65c15776b1e1504b91086d0c93bfb0/thumbnail_346000.jpg","/articles/6344446/Davis/Yolo-County/California/Consultant-outlines-property-tax-timeline-and-forecasts-3235-growth-for-Davis-general-fund-in-202526","https://secure.pipeline.soar.com/6344446-2c35035e42cbd04dc2060f465a3a5d3d/orig.mp4?Expires=1771205293&Signature=XA0tn6H8nDIF5zKn-zlK~5Y44bA84BAQhEDnr5NyPnkNMUi4VMWov-K3el-aaJue--MX~Dbc~BILfWaVM1eJN2wDJ1IrmIy~fZYmpoz006CTUA7pcqJjWNRulgLZUdjb8pb2ChTeQlnkTw07cPmWSunjrlWm7LVL6igBy3TJvlsLKuqINIlZYLVSiAJuPbd0kgzmByuu0ZKR0DIEJe5By1tpyLD-R9UKMulrIGG~i1CCpSGvFVO~lST6p-Cwl-I0mdXJmWfEBDRFGS~cYSPCMyvwZxCl8Egm5HcEhPc7M95zt51mLLaFOl9G2RQTlMRuXiWQR~7LUZB2suhwsbjd7g__&Key-Pair-Id=KUT5TJCACFTXG","Paula Colney, the city’s property-tax consultant, told the Fiscal Commission that the lien date for the 2025–26 property-tax roll was Jan. 1, 2025, and that the assessor’s office will include sales, new construction and other changes that occurred in calendar year 2024 on the roll used to build next year’s budget.

Colney laid out the calendar and roles for the assessor, auditor and tax collector and emphasized that the three offices operate on separate, non-integrated schedules. She said tax bills will typically be printed and mailed in September–October 2025 and are due in November 2025 and February 2026. \"There are no dumb questions in property tax,\" Colney said during her presentation.

Why it matters: property tax is the largest source of general-purpose revenue for the city. Colney reviewed a 20-year history showing average assessed-value growth of roughly 4.36% but noted the most recent three-year growth totaled 15.77%. For the current forecast she reported a projected general-fund growth of about 3.23% without new construction; adding a conservative portion of expected new construction raises that forecast to roughly 3.4–3.5%.

Key details from the presentation: Colney attributed about 47.5% of this year’s growth to the Prop. 13 allowable CPI adjustment, with roughly one-third of growth coming from property transfers (sales) and smaller amounts from new construction and Prop. 8 reductions. She reported the city’s taxable value at roughly $11.4 billion and said Davis is predominantly secured property (about 98.6% secured).

Colney also reviewed long-standing program shifts that affect the city’s share of the tax dollar, noting Vehicle License Fee (VLF) in-lieu funds and ERAF shifts reduce what the city would otherwise receive. She described differences among Yolo County cities in the percent of the tax dollar they receive, explaining that those percentages were established based on pre-Prop. 13 allocations and, in some cases, negotiated at incorporation.

Questions and follow-up: commissioners asked about forecast variance and methodology. Colney said her forecasts typically track within about 1% of realized growth but that forecasts are conservative when new-construction assumptions are left out. She offered to provide additional county-level reports and a “market-value if all properties sold” analysis on request. The commission requested the presentation materials for review.","Paula Colney of HCL presented a detailed review of property-tax mechanics, 20-year trends, and a forecast for the City of Davis showing roughly 3.2–3.5% growth to the general fund in fiscal 2025–26, driven by CPI increases and sales-related value additions.","actionData","errors"]

Article not found

Subcommittee continues review of socially responsible investment options for city portfolio

Commission forms subcommittee to develop down-payment assistance program guidance

Consultant explains Bradley-Burns, Measure O, and online-pool mechanics behind Davis sales tax

Consultant outlines property tax timeline and forecasts ~3.2–3.5% growth for Davis general fund in 2025–26