Loading...
Sales Tax 2010-AG110301MEMORANDUM March 1, 2011 TO: Mayor & City Council FROM: Clay Phillips, City Manager SUBJECT: 1 /4 -cent Sales Tax Election The November 2011 election date is fast approaching. With it comes the need to discuss the re- authorization of the' /4 -cent sales taxes for both the Crime Control District and Street Maintenance issues. Together, these sales tax initiatives provide over $5,000,000 in revenue on an annual basis. Collections for the Street Maintenance sales tax will cease on April 1, 2012. Assuming voters approve the measure the tax must be re- authorized at the November 2011 election to avoid losing three months of revenue. This will enable the tax to continue uninterrupted for another four -year period. The Council might also consider asking one of our elected representatives in Austin to introduce legislation that either removes the sunset provision altogether or extends the sunset period to a longer term similar to the term options available regarding the Crime Control District. The Crime Control District does not actually sunset until April 1, 2012. However, the City Attorney has determined that we can re- authorize this sales tax at the same election in November of 2011 when the Street Maintenance sales tax will be considered for re- authorization. This approach would save the City the expense of holding elections in back -to -back years. The Council could also consider asking the voters to re- authorize the Crime control district for a longer period of time eliminating the need to have the issue considered every five years. The term of the Crime Control district could be increased from the current five years to 10, 15, or 20 years. In any event, sales tax collections for the current in -force Crime Control District would not end until 2012 as described even if voters do not re- authorize the collection of the tax in November 2011. The merits and advantages of these sales tax revenues are well understood by the Council. Staff estimates that 65% of our total sales tax revenues are generated from our industrial businesses primarily on the west side of our community. This statistic suggests that someone other than our homeowners is paying this non - traditional sales tax. This exportation of the tax burden should be viewed by our residents as a very positive fact. The dedicated revenue streams for the Crime Control Districts and Street Maintenance alleviate pressure from the General Fund to provide the necessary funding to provide the 1 /4 -cent Sales Tax Re- authorization March 1, 2011 Page 2 of 2 services associated with each issue. Property taxes would rise or services would be reduced should either sales tax fail to be re- authorized. Finally, the taxes are not new. They are currently being collected. These initiatives will not be raising taxes on any segment of our community. Attached is information concerning the items that have been or are planned to be funded to date by the' /4 -cent sales taxes. Staff will be available to discuss both of these sales tax issues in your Work Session on Tuesday.