HomeMy Public PortalAboutAB 10-054 LOT UpdateMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
AB 10-54
February 25, 2010
216 East Park Street
McCall, Idaho 83638
AGENDA ITEM INFORMATION
SUBJECT:
Local Option Tax Distribution Prioritization
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Originator
Treasurer
Support
Community Development
Police department
Public Works
Golf Course
COST IMPACT: n/a
Parks and Recreation
FUNDING SOURCE: n/a
Airport
Library
TIMELINE: Immediate
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
At the August 13, 2009
distribution. Staff requested
distribution. At that time
recommendations given
Council decided to go
early 2010.
The attached memo outlines
priority.
Attached are the current
compared to the FY 10 actual
City Council Meeting, the Council
guidance from the Council regarding
it was clarified that the matrix
to Council from the LOT Commission.
forward as recommended by the LOT
discussed the Local Option Tax (LOT)
the priority for the LOT funds
for the LOT funds was mandated by the
At the conclusion of the discussion the
Commission and revisit the LOT matrix in
Council to consider as it relates to funding
a graph showing the four year average
three recommended options for the
matrix, revised revenue forecast, and
revenues.
RECOMMENDED ACTION:
Select option #3 for FY10.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
2/25/2010
Council approved the 15% hold back as recommended by the Local Option Tax
Commission