CC 02-21-2024 Item No. 8 Revenue Tax Measures_PresentationCC 02-21-2024
Item No. 8
Potential November
2024 Revenue Tax
Measure Opinion
Research
Presentation
February 21, 2024
Potential November 2024 Revenue
Tax Measure Opinion Research
Business Community Survey and Outreach
Business Engagement Results
November Ballot Landscape
Recommendations and Next Steps
Agenda
2
•Staff conducted 3 forms of outreach
•Online survey
•Small focus group meeting
•Individual meetings
Business Community Survey and Outreach
•112 responses
•43.5% of the surveyed businesses supported a
revenue tax measure
•35.7% supported a 0.25% TUT
•54.0% supported a 2-3% increase in the TOT
•35.7% supported a parcel tax
•19.1% supported a business operations tax
Business Engagement Results
•Assembly Constitutional Amendment 13
(ACA 13)
•Assembly Constitutional Amendment 1
(ACA 1)
•Taxpayer Protection and Government
Accountability Act (TPA)
November Ballot Landscape
Forego opinion polling and additional efforts at a
November 2024 revenue -generating ballot initiative.
Recommendations
Roadmap to FY 2024 -25 Budget Adoption and Balancing
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Budget Update
1st Quarter Report
Budget Update
-Mid-Year Report
Fee Study and
Revenue Tax
Measures
Budget Update
-SLR Review #2
-Community Meeting
Updates
-Festivals & Fee Waivers
FY 2024-25 Proposed
Budget
Community Funding
FY 2024-25 Adopted
Budget
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October 2023 November 2023 January 2024
April 2024 June 2024
February 2024
Community Budget
Meeting #1
Commission/
Committee Feedback
Labor Contracts
March 2024
Budget Update
3rd Quarter Report
May 2024
City Hall &
Blackberry Farm
Update
Community Budget
Meeting #2
Budget Update
-Audit Update
-Committed Reserve
Revenue Tax
Measures
December 2023
Budget Update
-Capital Improvement
Plan (CIP)
Last Updated 2.13.2024
Questions?