HomeMy WebLinkAboutItem No. 4 - UUT Reduction Impact PresentationPetition To Reduce Utility Users Tax
Fiscal Impact Report
By: Jim Slobojan, Acting Finance Director
December 2, 2020
Petition to Reduce UUT – Fiscal Impact
March 20, 2020 Notice of intent to reduce UUT from 7.75%
to 3% received
October 20, 2020 Petition signatures validated by County
Registrar of Voters
November 4, 2020 Council directed staff to prepare impartial
fiscal analysis
Utility Users Tax– Adopted August 13, 1968
Current rate is 7.75%
Applied on the consumption of utility services
Generates approximately $22.6 million annually
Petition to Reduce UUT – Fiscal Impact
Petition to Reduce UUT – Fiscal Impact
Recommendation:
Receive and file the file impact analysis staff report, and
Submit the Measure to the voters at the next general
municipal election on November 8, 2022 and adopt the
required resolutions.
Petition to Reduce UUT – Fiscal Impact