Exhibit 1:
Revenue Measure Basics
Cannabis Tax Infrastructure Bond Business License Tax (collects $2.2M annually)
Transient Occupancy Tax
(collects $2M annually)
Estimated annual revenue $240,000-$480,000 $6 million annually for $95 million bond
$110,000-220,000 (with 5-10% across
the board increase)
$150,000-$300,000
Vote to place on ballot
3 of 5 Council members 4 of 5 Council members 3 of 5 Council members 3 of 5 Council members Voter threshold 50%+1 for general purpose 67% 50%+1 for general purpose 50%+1 for general purpose Who pays? Dispensaries, manufacturers, labs,
and nurseries
Property owners Business owners Hotel occupant
What is proposed tax rate? 4% gross receipts (excise) tax $23/$100,000 of assessed value $5-$20 per business if 5-10% increase 1-2% over existing 10% Time tax collected In perpetuity, unless removed by voters
Through bond repayment,
36 years
In perpetuity, unless removed by
voters
In perpetuity, unless removed by
voters
Where do funds go? General Fund
(or special fund)
Bond Fund General Fund
(or special fund)
General Fund
(or special fund)
Funds restricted?
No, unless special purpose Yes, to capital improvements No, unless special purpose No, unless special purpose Budgets impacted Operating and/or capital Capital Operating and/or capital Operating and/or capital Used in Balanced Revenue Index No No No Yes