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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 t ....
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 ....
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 ....
Continues. Host from new york, we are join from Westchester County executive a commentator on cnn a member of the Reelection CampaignAdvisory Board. What is he advising non what you advising the president on . [laughter] can anyone advise the president quicks. [laughter]ad it is the Advisory Board for the campaign we dont talk directly to the president but the campaign hierarchy. It is good to get information in realtime and Background Information from the resources in the white house so it helps me and others to have the facts obviously theres a lot of discretion one distortion sometimes the president say is things that are not quite as clear as they could be so we need to go out and explain ....