TITLE
Recommendation to receive and file the memorandum to the members of the City Council from the Department of Financial Management dated January 13, 2016 entitled, “Responses to Questions from the December 22, 2015 Study Session on the City’s Infrastructure Needs,” along with the Revenue Measure Options presentation; or
Direct City Manager to provide additional information relative to the implementation of revenue measure options for the City; or
Direct City Attorney to prepare any and all documents necessary for a possible revenue measure in the City, to be returned to the City Council for a vote to place the measure on a ballot. (Citywide)
DISCUSSION
On December 22, 2015, a Study Session on the City’s Infrastructure Needs was given to the City Council. During that meeting the City Council requested information on the potential for new sources of revenue. Following this Study Session, a memorandum dated January 13, 2016 was released, responding to questions raised by members of the City Council that were not answered during the Study Session. In response to a request for options for new sources of revenue, an updated Revenue Measure Options presentation was attached to the memorandum. This presentation was originally given on April 17, 2012, pursuant to a request by the City Council at the time, for options that are available to the City for tax measures. The updated presentation provides a list of potential tax options along with details about the tax, any existing rates, if applicable, limitations on uses, and potential revenue generation. Information on the voting requirements needed by the City Council to put an item on the ballot, the timing of potential ballot measures, as well as the requirements of the electorate to enact the tax, is also discussed.
Should the City Council wish to proceed with a ballot measure, action would be needed to determine the measure type and tax amount, the ballot measure language, and the timing of the ballot init...
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