Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances a package of revenue measures (TOT, parking, cannabis, others) for further drafting and ballot consideration
Summary
The committee recommended multiple revenue options—transient occupancy tax increases timed for the Olympics, a parking (POT) measure, an expanded cannabis business tax, a study on vacancy taxes and digital kiosk revenue sharing—and voted to instruct staff and the City Attorney to draft ordinances and ballot language.
The committee reviewed a broad set of proposals from the Office of Finance intended to bolster the general fund and protect municipal services, and voted to advance many of them for ordinance drafting and ballot consideration.
Staff presented categories of measures and preliminary revenue estimates: an increase to the transient occupancy tax (TOT) proposed at 4% during the Olympics and 2% thereafter; a parking tax (POT) estimated to raise tens of millions; extension…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
