Laserfiche WebLink
CE,O|CFFS|M2016 <br />ITY OF UGENEREGON ONSERVATION INANCE EASIBILITY TUDY AY <br />state police, 10 percent for cities, 10 percent for counties, and 5 percent for the state Health <br />46 <br />Authority. <br />Several municipalities in Colorado <br />impose local taxes on marijuana <br />Aurora5%, up to 10% authorized <br />sales. Since 2013, 52 local <br />Boulder3.50% <br />jurisdictions have passed taxes on <br />Breckenridge5% <br />47 <br />marijuana.The table to the right <br />Denver3.5%, up to 15% authorized <br />shows several Colorado <br />Pueblo8%, up to 15% authorized (excise tax) <br />municipalities’ taxes on recreational <br />Source: Colorado Municipal League <br />marijuana. <br />Because the sale of recreational marijuana is so new in Oregon, any revenue estimates are fairly <br />speculative. In January 2016, the state of Oregon collected $3.48 million in tax revenue from the <br />state’s 25 percent tax on recreational marijuana. This equates to approximately $14 million in sales. <br />Based on its population, Eugene’s sales can be estimated at $566,000, meaning the city could have <br />generated nearly $17,000 from a 3 percent sales tax in the month of January. Thus annual revenue <br />in the city from a potential 3 percent tax on recreational marijuana could be estimated at nearly <br />$204,000. The table belowsummarizes these calculations, and does not include the cost of <br />administering the tax. <br />Oregon sales Jan 2016*$14,000,000 <br />Oregon population**3,970,239 <br />Marijuana sales per capita Jan 2016$4 <br />Eugene population***160,775 <br />Estimated sales per month$566,931 <br />Estimated monthly revenue from 3% tax$17,008 <br />Estimated annual revenue from 3% tax$204,095 <br />*http://www.oregonlive.com/marijuana/index.ssf/2016/03/first_month_of_taxed_recreatio.html <br />**US Census QuickFacts <br />***2015 City of Eugene Comprehensive Annual Financial Report <br />Fort Collins, Colorado is similar in population to Eugene. While the city does not have a special tax <br />on marijuana, collections from the city’s general sales tax of 3.85 percent on marijuana sales was <br />estimated to be $200,000 in 2015. Thus total annual marijuana sales in the city can be estimated to <br />total nearly $5.2 million, which is approximately $33 per capita. Based on this per capita estimate, <br />Eugene’s sales can be estimated at $5.3 million, which would generate nearly $160,000 from a 3 <br />percent tax on recreational marijuana in the city.The table on the following page summarizes these <br />calculations. <br />46 <br />http://registerguard.com/rg/news/local/34174852-75/first-month-of-oregon-recreational-marijuana-taxes-nets-3.48-million.csp <br />47 <br />Colorado Municipal League <br />24TTPL::CFD <br />HE RUST FOR UBLIC AND ONSERVATION INANCE EPARTMENT <br /> <br />