Acronym
AB1290
Assembly Bill 1290 — a 1993 law about how redevelopment 'pass-through' payments are calculated.
Under AB 1290, a portion of property tax growth from a redevelopment area is passed through to other taxing agencies. Menlo Park's 'AB1290 Pass Through-Las Pulgas' is one of those payments.
In Menlo Park
FY2027 proposed AB1290 Pass-Through (Las Pulgas): $0.63M.