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11/30/1987 Meeting
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11/30/1987 Meeting
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11/30/1987
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<br /> between two and five percent of receipts and collection costs for a restaurant <br /> tax could be similar if there are not many exceptions. There are about 250 <br /> "sit-down" restaurants and 40 to 50 hotels and motels in the city. He said <br /> e audits would affect the administrative costs of a restaurant tax. <br /> Mr. Wong said the Lane County Board of Commissioners is considering a real <br /> estate transfer tax and, if the City adopts a similar tax, the County might <br /> administer it. <br /> Answering questions from Ms. Wooten, Mr. Wong said sufficient information has <br /> not been obtained to estimate receipts from a City real estate transfer tax. <br /> Lane County officials estimate that a .1 percent real estate transfer tax will <br /> generate about $500,000. He emphasized that receipts from a real estate <br /> transfer tax depend on the economy. <br /> Ms. Schue wondered about the City's share of a .1 percent Lane County real <br /> estate transfer tax. <br /> Mr. Holmer said some people transfer property several times in a short period. <br /> In that case, a real estate transfer tax is not equitable. He said the tax is <br /> easy to administer and produces a lot of money. <br /> Responding to a request of Mayor Obie, Mr. Wong said the City's FY89 budget is <br /> being prepared now. It is possible that some of the council's decisions this <br /> evening will be reflected in the FY89 budget. Decisions that eliminate or <br /> change services may take longer to implement. If the council decides to <br /> eliminate some employee positions, the organization will try to relocate those <br /> people and that will take time. <br /> e B. Target Ballot--Exercise <br /> Mr. Wong said the six-year financial planning targets on which the councilors <br /> will vote involve additional revenue, expenditure reduction, and one-time <br /> adjustments. He stressed that one-time expenditures can be spent only once. <br /> He said actions taken in the first year will carry forward into the next <br /> years. For example, if revenues are increased 2 percent in the first year, <br /> the increase will continue. Mr. Gleason said the targeting process is for six <br /> years but the councilors may repeat the process every six months. Councilors <br /> may change their decisions after receiving information about the actual cost <br /> of curtailing services. The staff will present data about incremental service <br /> reductions later. <br /> Answering questions, Mr. Wong said reductions in services probably will be <br /> phased and phasing will increase the estimated cost. The data given the <br /> councilors assumes the tax base will be increased the allowable six percent <br /> each year. <br /> Several councilors commented on the target ballots. Ms. Ba scom sa i d the <br /> targeting process will provide the councilors with information about <br /> consensus. She wondered how increased facilities or expanded services could <br /> be reflected on the ballots. Ms. Wooten said she needs more information. She <br /> said she would like to create surpluses in the Six-Year Forecast for new <br /> e MINUTES--Eugene City Council November 30, 1987 Page 2 <br />
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