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Finance committee orders research on foregone-revenue options including commercial-vessel tax and nonprofit retail sales
Summary
Committee directed staff to draft ordinances or return implementation options for several foregone-revenue items — including possible property tax approaches for commercial vessels, adjusting single-sales caps, and revisiting retail-sales exemptions for nonprofits — and asked for implementation costs and timing for items that might affect FY 2028 revenue.
The finance committee reviewed a set of foregone-revenue options and asked staff to return implementation-level information on several items the committee flagged for action or policy discussion.
Assembly member Steininger and Director Flick summarized the committee’s analysis, which grouped proposals into items recommended for action, items needing policy discussion, and two new revenue concepts. Members asked for more data where memo figures were missing, especially on a proposed property tax on commercial vessels and on nonprofit retail exemptions. Director Flick said the city can…
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