TITLE
Recommendation to adopt resolution expressing its Intent to prioritize spending of the Oil Barrel Production Tax Revenues for Specific Purposes, if approved by voters in the November 3, 2020 General Municipal Election; and
Provide direction to City Manager regarding possible informational/educational materials relating to the ballot measure to be provided to Long Beach residents. (Citywide)
DISCUSSION
On July 29, 2020, the Long Beach City Council approved the placement of a measure on the November 3, 2020 ballot to increase the maximum rate of the general purpose Oil Barrel Production Tax (Barrel Tax) from 15 cents per barrel to 30 cents per barrel, with annual CPI adjustments and suspension limits to the general tax. The Council further requested that a resolution be prepared expressing its intent to prioritize spending of funds that would result from the increase, for climate change and environment, community health and well-being program services, and children and youth services and programs.
Pursuant to your request, this office has prepared and now submits for your consideration the above-described resolution.
SUGGESTED ACTION
Approve recommendation.
BODY
[Enter Body Here]
Respectfully Submitted,
CHARLES PARKIN
CITY ATTORNEY