Hi. My name is carmen chiu, San Franciscos elected assessor. When i meet with seniors in the community, theyre thinking about the future. Some want to down size or move to a new neighborhood thats closer to family, but they also worry that making such a change will increase their property taxes. Thats why i want to share with you a property tax saving program called proposition 60. So how does this work . Prop 60 was passed in 1986 to allow seniors who are 55 years and older to keep their prop 13 value, even when they move into a new home. Under prop 13 law, property growth is limited to 2 growth a year. But when ownership changes the law requires that we reassess the value to new market value. Compared to your existing home, which was benefited from the which has benefited from the prop 13 growth limit on taxable value, the new limit on the replacement home would likely be higher. Thats where prop 60 comes in. Prop 60 recognizes that seniors on fixed income may not be able to afford h
Second. Any changes . All in favor. Any opposed . Thank you. The motion carried. Item 4. Sure reason miwelcome. Good morning, commissioners, i am going to start with the federal update, and last week the dignity and aging act was passed by na unanimous act. The federal Older Americans ability expired september 30th which i have been talking about provides vital communitybased services to 11 million adults and care givers each year. What the house passed was to extend five years, two years longer than the prior authorization. They provided a 7 increase the first year and 6 each year, totaling 35 increase over five year. They included language to make clear that aaa could engage to expand services outside of the act. They provided additional funding to provide the native american aging programs for the provision of Supportive Services and Capacity Building training. They removed title three e cap on families and older relative caregivers, increasedded research and demonstration at the u.
Ahead of employee recognition. Thank you. With that change, may i have a motion to approve the agenda. So moved. Second. All in favor. Any opposed. Thank you. Item 3. May i have a motion to approve the october 2, 2019 Meeting Minutes . So moved. Second . Second. Any changes . All in favor. Any opposed . Thank you. The motion carried. Item 4. Sure reason miwelcome. Good morning, commissioners, i am going to start with the federal update, and last week the dignity and aging act was passed by na unanimous act. The federal Older Americans ability expired september 30th which i have been talking about provides vital communitybased services to 11 million adults and care givers each year. What the house passed was to extend five years, two years longer than the prior authorization. They provided a 7 increase the first year and 6 each year, totaling 35 increase over five year. They included language to make clear that aaa could engage to expand services outside of the act. They provided additi
All in favor. Any opposed . Thank you. The motion carried. Item 4. Sure reason miwelcome. Good morning, commissioners, i am going to start with the federal update, and last week the dignity and aging act was passed by na unanimous act. The federal Older Americans ability expired september 30th which i have been talking about provides vital communitybased services to 11 million adults and care givers each year. What the house passed was to extend five years, two years longer than the prior authorization. They provided a 7 increase the first year and 6 each year, totaling 35 increase over five year. They included language to make clear that aaa could engage to expand services outside of the act. They provided additional funding to provide the native american aging programs for the provision of Supportive Services and Capacity Building training. They removed title three e cap on families and older relative caregivers, increasedded research and demonstration at the u. S. Administration on