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Isla Vista board begins exploring five revenue options — utility tax, parcel tax, bedroom/door tax and bond among them
Summary
District staff presented five revenue approaches (utility-user tax, parcel tax, bedroom/door tax, bond financing and other one-time revenue) and explained trade-offs in predictability, administrative complexity and allowable uses; the board asked staff to return with project-level estimates and asked for a timeline to consider placing measures on the ballot by the second June meeting.
District staff presented a menu of revenue and financing options the board could consider to pay for new or expanded services and infrastructure, and the board directed staff to develop more concrete project-level estimates before deciding whether to place measures on a future ballot.
Jonathan, the district's general manager, reviewed five options the board asked the finance committee to study: (1) expand a utility-user tax (UUT) or change rates on particular utilities; (2) a parcel tax calculated by assessed value; (3) a bedroom- or door-based flat tax; (4) a bond measure for infrastructure projects; and (5) one-time revenue options and borrowing mechanisms such as certificates of participation.…
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