Meeting Summary
The council continued its discussion on a proposed 1/8% sales tax for public transit, focusing on new language that includes a sunset clause. This clause would terminate the tax upon the successful adoption and implementation of a dedicated sales tax by the Regional Transportation Authority, ensuring continued transit funding while aligning with future regional plans.
Financial Matters
1/8% Sales Tax for Public Transit
Discussion of a proposed 1/8 of 1% sales tax dedicated to public transit systems and related purposes, with a new sunset clause tied to a future regional transit authority sales tax.
Regional Transit Authority Sales Tax Initiative
Discussion of a future sales tax initiative by the Regional Transit Authority (RTA) expected in the next 2-5 years, potentially ranging from 1/2% to 5/8% for regional transit, including bus systems.
Public Comments
Feedback from the community and the Chamber's Aviation and Transportation Committee was raised regarding the proposed sales tax's sunset clause and the status of the TIF.
Coming Up
Watch For
- Statutory TIF Committee meeting on August 27th
- Regular meetings with the RTA delegate starting in September
- First reading of the 1/8% sales tax ordinance on August 27th
- Potential tweaks to the sales tax ordinance language by the end of the week
Agenda Summary
Continued discussion of the 1/8% sales tax for public transit
Discussion of a draft ordinance for a 1/8% sales tax dedicated to public transit systems and related purposes, including proposed language for a sunset clause tied to the Regional Transportation Authority's future sales tax initiative.