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Budget committee advances hotel, parking and cannabis tax measures and orders studies of new revenue options
Summary
Committee voted to move increases in the transient occupancy tax (TOT), a parking occupancy tax (POT) increase and a measure to extend business tax parity to unlicensed cannabis operations to the June 2026 ballot; CAO also recommended further study of sales tax, event, shared‑ride, vacancy and retail delivery fees.
The Budget & Finance Committee on Jan. 20 approved sending several revenue proposals to the June 2026 ballot and asked the CAO to study other potential measures for future ballots.
CAO Matt Szabo presented a menu of options and revenue estimates: a half‑cent general sales tax (estimated $327,000,000 if pursued), a hotel tax (TOT) increase with options that would yield $45 million or $89 million depending on the rate, and an increase in the parking occupancy tax (POT) from 10% to 15% projected to yield about $67 million. Szabo also identified a cannabis parity proposal to tax unlicensed cannabis activity with an early estimate of $70 million and several…
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