Foster City voters passed the Levee Improvement Bond Measure P in 2018, authorizing the City to issue $90 million in general obligation bonds to fund these critical levee improvements ($85 million were issued on August 5, 2020). The Measure P levy will start appearing on Foster City property tax bills starting this fall (2020) and will continue for 30 years. The first-year rate will be approximately $36 per $100,000 of assessed property value. Subsequently, the rate will be an estimated $33 annually, with continuing decreases assuming assessed property valuations continue to rise.