Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Mayor proposes changing half‑cent sales tax criteria to fund placemaking, curb economic leakage
Summary
Mayor Graham proposed amending the half‑cent sales tax criteria to allow up to three additional uses (placemaking, preventing economic leakage and economic catalysts beyond primary jobs), with an illustrative 15% annual cap of the unencumbered balance; councilors debated oversight, clawbacks and whether city staff should take a larger role in incentive coordination.
Mayor Graham presented a refresher on proposed amendments to the half‑cent sales tax criteria ordinance at the Feb. 17 work session, framing changes intended to give the city more tools to attract retail and place‑making projects that generate sales tax and reduce 'economic leakage.'
Graham described three additional eligible categories — place‑making, preventing economic leakage and economic catalysts not strictly tied to 'primary jobs' — and proposed a cap (illustrated at 15% of the unencumbered fund balance in a given…
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
