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Council hears proposal to keep marijuana tax receipts in separate fund; $8M estimate built into budget
Summary
Legislative Research Director presented draft ordinance to create a cannabis-host special revenue fund; auditor included a conservative $8 million 2025 revenue estimate, but staff warned receipts and distributions depend on state timing and appropriations.
City legislative staff explained a proposed ordinance to collect adult-use cannabis excise-tax receipts into a dedicated special revenue fund, a measure council members said would improve transparency and allow deliberation about intended uses.
Matt Erickson, director of the Legislative Research Office, described draft ordinance 34326, which would establish a Cannabis Host Community Special Revenue Fund for remitting adult-use cannabis tax receipts rather than treating them as general revenue. He summarized state law (Ohio Revised Code chapter 3780) and Issue 2, noting a 10% statewide excise…
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