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Councilor proposes setting aside cannabis revenue for impacted neighborhoods; Finance Committee asks treasurer and law to report back
Summary
Councilor Israel Rivera filed an order to set aside a percentage of cannabis tax revenue for capital improvements in neighborhoods that host cannabis businesses; the Finance Committee agreed to table the order and asked the treasurer, tax collector and law department to report on current revenue and enforcement of host-community conditions.
Councilor Israel Rivera asked the Finance Committee on June 23 to consider directing a portion of locally collected cannabis revenue — he suggested 5% as a conversation starter — to capital improvements in the neighborhoods that host licensed cannabis facilities (primarily Wards 1 and 2).
Purpose and context
Councilor Rivera said the goal is to ensure that neighborhoods hosting cannabis operations receive predictable local benefits for community…
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