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<br />AL TERNA TIVES <br />Council could choose not to endorse the ballot measure. <br /> <br />7A <br />Page 2 <br /> <br />FISCAL IMPACT <br /> <br />Redwood City would receive approximately $805,OOO/year in revenue based on the <br />proposed allocation method if voters approve the Parks for the Future Initiative. The <br />Countywide sales tax would increase from its current 8.25 to 8.375%. (A comparison of <br />sales tax fevef-s in the Bay area is included as part of Attachment 1) An increase in <br />sales tax for this purpose will affect the ability to raise such a tax for other purposes. <br />Support for this measure would have to be weighed against other possible uses for <br />sales tax dollars. <br /> <br />~ <br /> <br />Corinne Centeno <br />Parks, Recreation & Community Services <br />Director <br /> <br /> <br />ATTACHMENTS <br />1. Parks for the Future Frequently Asked Questions and Summary Fact Sheet <br />2. Resolution <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br />