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HomeMy WebLinkAboutProposed Ballot Measure to Increase Transient Occupancy TaxTo: Honorable Mayor and City Council Members From: Connie Boardman, City Council Member eA- ®ate: July 10, 2012 Subject. CITY COUNCIL MEMBER ITEM FOR JULY 16, 2012, CITY COUNCIL MEETING - BALLOT MEASURE TO INCREASE TRANSIENT OCCUPANCY TAX STATEMENT OF ISSUE: The proposed charter amendment relating to the levy of the retirement property tax will be on the November ballot, and if it passes the city will lose $4.2 million dollars in annual revenue. To help replace this source of revenue, I propose the city council place on the ballot a measure that would increase our Transient Occupancy Tax by 2.5%. The City Manager prepared a document outlining the cuts that would be immediately enacted if the charter amendment passes. These cuts would eliminate the CSI program in the Police Department, result in the loss of six sworn positions, eliminate our Urban Search and Rescue Program, the CERT program, the Fire Department's Hazmat response, and result in the closure of at least two branch libraries, the closing of the Art Center and the curtailing of hours at our Central Library. Currently our Transient Occupancy Tax is at 10% and generates about $7 million dollars for the City's general fund. While this 2.5% increase would not make up for the loss of $4.2 million, it could generate as much as $1.75 million dollars in additional revenue for the city. Additionally, the Hotel/Motel BID self -assesses 2% of gross room rental revenue to fund tourism marketing, which is common in the industry. See comparison with other Southern California destination cities: City TOT Toudsml Total Marketing Anaheim 15% 0.5-2.5% 15.5%-17.5% Los Angeles 14% 1.5% 15.5% Santa Monica 14% - 14% Palm Springs 12.7% 2% 14.7% Huntington Beach - Proposed 12.5% 2% 14.5% Pasadena 12.1 % 2.89% 14.99% Long Beach 12% 3% 15% Buena Park 12% - 12% Redondo Beach 12% - 12% CITY COUNCIL MEMBER ITEM FOR JULY 16, 2012, CITY COUNCIL MEETING — BALLOT MEASURE TO INCREASE TRANSIENT OCCUPANCY TAX Page 2 July 10, 2012 San Diego 10.5% 2% 12.5% Huntington Beach . Current 10% 2% 12% Laguna Beach 10% 2% 12% Newport Beach 10% 2% 12% Dana Point 10% $3/night 10% Manhattan Beach 10% - 10% Since these cuts would occur as soon as the measure passes, if it does, I could not wait to see if it passes before bringing this proposal to the council. I would like the City Council to place this increase on the ballot and let our residents decide whether or not to increase the tax our visitors pay to help fund vital police and fire services, and to help keep our libraries and Art Center open. Direct staff to prepare necessary documentation to place the item to increase Transient Occupancy Tax from 10% to 12.5% on the November 2012 municipal election ballot. xc: Fred Wilson, City Manager Paul Emery, Deputy City Manager Bob Hall, Deputy City Manager Jennifer McGrath, City Attorney Joan Flynn, City Clerk