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11-30-16 Council Agenda Packet - amended
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11-30-16 Council Agenda Packet - amended
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11/28/2016 4:58:26 PM
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11/28/2016 4:58:09 PM
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City Council
City_Council_Document_Type
Agenda Packet
CMO_Meeting_Date
11/30/2016
CMO_Effective_Date
7/15/2016
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CE,O|CFFS|M2016 <br />ITY OF UGENEREGON ONSERVATION INANCE EASIBILITY TUDY AY <br />The City of Eugene could increase the local tax on lodging and Ordinance <br />dedicate a portion of the revenue to parks and recreation or voter Allows the cityto collect revenues from visitors. <br />purposes.approval. <br />70% of revenues must be used for tourism <br />purposes, after netting out the 5% collection fee. <br />Tax Increase Revenue/Year* 30% for Parks <br /> 1% $466,667 <br />Revenues may be used for operations and <br />maintenance. <br />*Based on revenue of $2.1million from existing 4.5% TLT. <br />The City of Eugene might expect to generate roughly Voter Several municipalities in Colorado impose local <br />per year from a 3 percent tax on recreational <br />approval taxes on marijuana sales. Since 2013, 52 local <br />marijuana.required.jurisdictions have passed taxes on marijuana. <br />This estimate is based on revenues collected in January 2016 <br />by the state of Oregon, as well as revenues collected by Fort Revenues may be used for operations and <br />Collins, CO in 2015.This does not take into account the costs of maintenance. <br />administering the new tax. <br />TTPL::CFD31 <br />HE RUST FOR UBLIC AND ONSERVATION INANCE EPARTMENT <br /> <br />
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