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BALLOT MEASURE 20-132
CITY GAS TAX
QUESTION:
Shall City Increase Business License Tax Paid by Motor Vehicle
Fuel Dealers by Three Cents Per Gallon?
STATEMENT:
The City currently imposes a business license tax on motor vehicle
fuel dealers for the sale of motor vehicle fuel. The tax provides
funding for the reconstruction, repair, maintenance, operation, and
preservation of City streets.
If the voters approve this measure, the city business license tax
paid by motor vehicle fuel dealers will increase by three cents per
gallon. Revenues from this three cent increase will be used for the
reconstruction, repair, maintenance, operation and preservation of
streets in the City.
A "yes" vote approves this measure increasing the City gas tax.
Ballot Measure 20-134
DOWNTOWN URBAN RENEWAL PLAN AMENDMENT
QUESTION: Shall urban renewal plan be amended to increase the spending limit by $40 million
and extend the plan's ending date?
SUMMARY: If approved by voters, this measure would make two major changes to the
downtown urban renewal plan.
First, the measure would increase the amount of urban renewal funds that can be spent on
downtown projects by $40 million. The urban renewal plan limits the amount of urban renewal
funds that can be spent, known as the maximum indebtedness amount. Under the current plan,
approximately $4.5 million is left for downtown projects. These urban renewal funds - officially
called tax increment funds - are the property taxes on the increase in assessed value of property
in the urban renewal district that occurs after the plan's adoption. Tax increment financing does
not impose new taxes, but instead reallocates the property taxes on the increase in assessed value
from other taxing districts to the urban renewal agency. This reduces revenues to the other
taxing districts.
Second, the measure would extend the termination date for the downtown urban renewal plan
from 2024 to 2030.
A 'yes' vote approves the urban renewal plan amendments.