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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
Text extracted from the city's file for reading and search. Open the original on cityoforange.legistar1.com. That file is the official record.

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

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