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City staff lays out revenue options — vacant-property fees, TOT, franchise fees and strategic reserve use — to help close $8M gap
Summary
Staff presented a menu of tax, fee and reserve strategies to address a roughly $8 million budget deficit, including vacant-property registration and fees, possible increases to the transient-occupancy tax, franchise-fee escalation, sales-tax ballot options and targeted use of reserves for predevelopment of city-owned sites.
City staff on Tuesday presented a preliminary review of options to increase revenue and use reserves strategically in order to help close a projected $8 million budget deficit. The staff report summarized near- and longer-term possibilities and sought council direction to pursue analyses and outreach.
Director of Community Development Carlos Curiel reviewed several approaches: (1) a vacant or abandoned-property registration and fee program (staff noted current vacant-structure fees are low — $60 — and proposed options include registration plus scaled annual fees or full cost recovery for code enforcement); (2) sales-tax increases via electoral measures (noting county…
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