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Council asks FPLC to draft policy comparing downtown sales tax revenue
Summary
Council requested that the FPLC draft a policy to calculate the difference in downtown sales tax revenue between times of full occupancy and current occupancy; council said this calculation will not be part of the Comprehensive Plan.
Council recommended that the Financial and Planning Liaison Committee (FPLC) draft a policy to calculate the difference in sales tax revenue between downtown at full occupancy and downtown at current occupancy. The council explicitly stated the analysis would be a separate exercise and not be included in the Comprehensive Plan.
The request asks the FPLC to produce a methodological approach and calculations so the council can better understand downtown revenue impacts for future policy discussions; staff will coordinate next steps as directed.
