AgdaPkt 2018-07-23 Joint SA PFA - Laserfiche WebLink

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Attachment A - Potential Future Revenue Options Potential Revenue Source Business Tax Businesses $61 base tax + $40 per employee Parcel Tax* Sales Tax - 8.75% Property Owners Purchaser Transfer Tax Total Rate is .11% or $1.10/$1,000. City's portion is: 0.055% or Property Owners $0.55/$1,000 Transient Occupancy Tax Visitors 12% $2 increase on per $ 115,000 $ 2,515,000 employee ($61 base + $42 per Majority vote if for $ 2,400,000 employee) general purposes; 2/3 if $5 increase on per $ 287,000 $ 2,687,000 special tax where use is employee specified. ($61 base + $45 per employee) N/A see * below see * below see * below 2/3 voter approval .25% increase (rate = $ 5,878,355 $ 29,391,775 Majority vote if for $ 23,513,420 9.00%) general purposes; 2/3 if special tax where use is .50% increase (rate = $ 11,756,710 $ 35,270,130 specified. 9.25%) if increase to total rate of $ 750,000 $ 1,500,000 $2.20/$1,000, with City's portion being Majority vote if for $1.10/$1,000 general purposes; 2/3 if (total rate = .22%) special tax where use is $ 750,000 specified. Does not have if increase to total rate of $ 2,250,000 $ 3,000,000 to be increased by $3.30/$1,000, with City's increments of portion being $1.10/$1,000 $2.20/$1,000 (total rate = .33%) 1% increase $ 533,120 $ 6,933,120 (rate = 13%) Majority vote if for $ 6,400,000 general purposes; 2/3 if 2% increase $ 1,068,800 $ 7,468,800 3-pecial tax where use is specified. (rate = 14%) 00D v cQ cD Page 1 of 3