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City CFO proposes shifting a slice of local-option sales tax to Main Street Landing operations and parks
Summary
CFO Vasha Girovat proposed reallocating Davenport's local-option sales tax (established 1988) to keep 60% for property-tax relief, up to 40% for capital improvements and up to 5% for parks operations; using FY2025 revenue ($23.5M), that would be about $1.18M for parks operations including $260,000 for Main Street Landing operations.
Davenport City’s chief financial officer, Vasha Girovat, told the council staff will seek a resolution to reallocate how the local-option sales tax revenue is distributed: maintain 60% for property‑tax relief, allocate up to 40% for capital improvements and up to 5% for parks operations. Girovat used FY2025 revenue of about $23.5 million to illustrate the proposal.
"In fiscal year 2025, we received about $23,500,000 in local option sales tax revenues... About $8,200,000 will go towards capital improvement projects, and parks operations will receive up to $1,180,000," Girovat said while presenting the proposed reallocation breakdown.
Girovat said the change would give the city flexibility to fund Main Street Landing operations without drawing from the general fund; staff proposed $260,000 of operations costs for Main Street Landing would be funded from the parks-operations allocation if approved, and any unused parks allocation would revert to capital improvements. Councilmembers asked for documentation of prior discussions and memos related to Main Street Landing maintenance and operation-cost expectations; Girovat said she would resend the memo presented in 2024 and will circulate slides and a written update.
Next steps: staff will bring the resolution for formal consideration (two-week timeline noted) and circulate the requested supporting documents to council.
