TITLE
Recommendation to request City Attorney to prepare an ordinance consolidating the current ordinances that allow access to sales tax and related information and to empower the Mayor, Director of Economic and Property Development Department, and Chair of the Economic Development and Finance Committee to review sales tax figures for the purpose of increasing the sales tax base for the City of Long Beach.
DISCUSSION
Currently, there are two ordinances that exist granting authority to City representatives to review sales tax information from the County of Los Angeles. This proposed ordinance, to be drafted by the City Attorney, would consolidate these two sections. Additionally, the ordinance would grant authorization to the Mayor, the Director of Economic and Property Development Department and the Chair of the Economic Development and Finance Committee to review the sales tax data. By granting this authority, the authorized parties would be able to work in concert to increase sales tax for the City by strategically addressing the economic needs of the city.
FISCAL IMPACT
There is no significant fiscal impact for the delivery of this report outside the time needed for its preparation. However, by developing a strategic plan to increase sales tax revenue for the City, there could potentially be a great positive financial impact in the form of new and increased sales tax dollars.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
STACY MUNGO
COUNCILWOMAN, FIFTH DISTRICT
SUJA LOWENTHAL
VICE MAYOR, FIRST DISTRICT