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HomeMy Public PortalAboutAB 11-097 FY12 LOT PrioritiesMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date AB 11-97 May 26, 2011 216 East Park Street McCall, Idaho 83638 AGENDA ITEM INFORMATION SUBJECT: FY12 Local Option Tax Priorities Department Approvals Initials Originator or S_u_pporter Mayor / Council City Manager originator Clerk Treasurer Community Development Police department Public Works Golf Course COST IMPACT: approximately $225,000 Parks and Recreation FUNDING SOURCE: Local Option Tax revenues Airport Library TIMELINE: Before June 13 Information Systems Grant Coordinator SUMMARY STATEMENT: The Council may wish to provide general direction to the Local priorities for FY12 Local Option Tax funding. The Commission total of $468,788, for FY12. A final FY12 revenue forecast for completed. FY11 revenues are estimated to be $225,000. The Local Option Tax Commission will review the applications Council on June 13, 14 and 15. The Commission's recommendation during the Council budget work session on June 17. Each of the FY12 LOT applications has already been provided the applications. Option Tax Commission has received 34 applications, the renewed lodging tax and develop a recommendation regarding requesting a has not been to the the Council is a summary of will be presented to to the Council. Attached RECOMMENDED ACTION: Provide direction to the Local Option Tax Commission and staff RECORD OF COUNCIL ACTION MEETING DATE ACTION