File #: ID# 107-18    Version: 1 Name:
Type: Action Item Status: Agenda Ready
File created: 1/3/2018 In control: County Administrative Office
On agenda: 1/9/2018 Final action:
Title: SALES TAX SUBJECT: Discussion and direction to staff on the subject of a transactions and use (sales) tax revenue measure for county voter approval. FISCAL IMPACT: County voter approval of any increase in the local transaction and use tax rate, known as sales tax, is expected to have a positive fiscal impact to the county general fund. The local sales tax rate is 1% at the point of sale. For the 2013-2016 calendar years, $2,863,007 was the average amount of sales tax revenue collected annually at a rate of 1% at the point of sale. A 0.50% sales tax increase would generate about $1,431,503, annually, in additional revenue to the county’s general fund and it could be used for any government purpose. ACTION REQUESTED: Provide direction to staff.
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Title

SALES TAX

SUBJECT: Discussion and direction to staff on the subject of a transactions and use (sales) tax revenue measure for county voter approval.

FISCAL IMPACT: County voter approval of any increase in the local transaction and use tax rate, known as sales tax, is expected to have a

positive fiscal impact to the county general fund. The local sales tax rate is 1% at the point of sale. For the 2013-2016 calendar years, $2,863,007 was the average amount of sales tax revenue collected annually at a rate of 1% at the point of sale. A 0.50% sales tax increase would generate about $1,431,503, annually, in additional revenue to the county’s general fund and it could be used for any government purpose.

ACTION REQUESTED: Provide direction to staff.