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Council advances tax package: cannabis and hotel/parking proposals split, multiple parts remitted to budget committee
Summary
Council debated and took votes on a multi-part revenue package (Item 17) including transient occupancy tax (TOT) options tied to the Olympics, a proposal to tax illicit cannabis shops, parking/occupancy measures and short-term rental changes. Several subparts were approved, one major amendment failed, and multiple pieces were remitted to the Budget & Finance Committee for drafting and ballot language.
Council members spent extended floor time on Item 17, a multi-part proposal to raise or modify several local revenue sources including transient occupancy tax (TOT) increases tied to the Olympics, a narrow effort to tax illicit cannabis shops, parking/occupancy revenues and changes targeting short‑term rentals.
Committee chairs and the Chief Executive Office presented estimates and options. The CEO summarized projected shortfalls and a menu of ballot options; staff noted one…
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