Funding

Property tax revenues provide almost all funding for TVF&R. We receive property taxes through a ($1.52/$1,000 of assessed value) permanent tax rate, a local option levy that funds firefighters and equipment, and a general obligation bond tax levy that pays for capital construction projects approved by voters in 2021. The District’s permanent tax rate was set in 1997 as part of the implementation of a statewide constitutional tax measure.

Our voters have supported additional funding for enhanced firefighter staffing and supporting equipment through local option levies, which expire in five years. District voters supported an enhanced replacement levy in May 2024 at the rate of 69 cents per $1,000 of assessed valuation. This five-year levy allows TVF&R to retain 92 firefighters and paramedics hired since 2000 and add 36 more to help provide fast, safe, and effective emergency response. The levy will also be used to purchase specialized equipment used for medical emergencies such as cardiac monitors and defibrillators as well as firefighting tools, including thermal imagers that aid in search and rescue efforts and self-contained breathing apparatus worn by firefighters in burning buildings, to ensure effective emergency response throughout the District. Funds will also purchase smaller vehicles used to fight wildfire, shuttle water, and transport patients. In addition, levy funding will allow the District to add support personnel who train and equip first responders.

Station construction, land for fire stations, and command operating centers including emergency operating components, emergency response vehicles, and other long-term capital investments such as seismic improvements for faster response after an earthquake, were funded through a series of bond sales after a 2006 voter approval of the sale of up to a total of $77.5 million of general obligation bonds. The proceeds for those bond issuances have been fully spent. In November 2021, the District was authorized by voters to issue $122 million of general obligation bonds to fund the replacement of larger response vehicles, fire station facilities and improvements, safety upgrades, and land for future stations. The current tax rate for the bonded debt is $0.1062 per $1,000 of assessed valuation of property.

Financial Management

The District has received national awards from the Government Finance Officers Association (GFOA) consecutively since 1987 for its audited financial reports and since 1987-88 for its budget documents. The District submits its bonds for credit rating by Moody’s Investor Service, and currently holds the highest rating attainable, Aaa.

Tax Statement Resources