FY 2025 Proposed Revenue Enhancements
Updated June 18, 2024
Yes Proposed Future
Consideration Approved*
Credit card fees P $ 150,000 $ - $ 150,000 Business license back tax & penalties P 51,000 - $ 51,000 Parking enforcement citations P 1,000,000 - $ 1,000,000 1-time CR&R reimbursement for road mitigation P 3,000,000 - $ 3,000,000 Implement Business License Fee for all Rental Properties P 500,000 Implement Life Safety Fee (Colleges $25 & Universities $100)^ P 1,309,300 Old Towne paid parking P 475,000 100% fee recovery P TBD
Implement Penalties for Over enrollment (College $XX &
Universities $XX) P TBD
Increase Transient Occupancy Tax P TBD
Implement a 3- & 4-Star Hotel Incentive Program or Sales Tax Rebate P TBD
Pursue PILOT partnership with non-profit organizations P TBD Total Proposed Additional Revenues $ 4,201,000 $ 2,284,300 $ 4,201,000 *Actual amount may vary depending on when the program starts. ^Estimated at 12,372 & 10,001 respectively
A-FY25 Proposed Revenue Enhancements
Attachment F - FY25 Revenue Enhancements
Orange City Council
June 25, 2024
- Document
- Attachment F - FY25 Revenue Enhancements
- Meeting
- June 25, 2024
- Body
- Orange City Council
- Original file
- 87 KB
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