https://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2570851&GUID=1E5A5A92-530B-4BA1-973D-E5817246DC13Legistar15https://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2570851&GUID=1E5A5A92-530B-4BA1-973D-E5817246DC131E5A5A92-530B-4BA1-973D-E5817246DC13-2019-01-22-23-20-15Title: Recommendation to request City Attorney to prepare an ordinance establishing a temporary Transactions and Use (Sales) Tax for general purposes at the rate of 1% for six years then declining to .5% for four years on the sale and/or use of all tangible personal property sold at retail in the City, to be placed on the ballot at the June 7, 2016 municipal election, and any and all documents related thereto. The tax will sunset after 10 years; Request City Attorney to prepare a "rainy day" fund ballot measure so that the first 1% of any new revenue source created is placed into a special fund to be used to offset the impact of future recessions; and Request City Attorney to prepare an advisory resolution to accompany the Transactions and Use (Sales) Tax to specify the council's intention to prioritize infrastructure repairs and restoration of public safety resources when allocating those funds.Tue, 22 Jan 2019 23:20:15 GMT