Agenda - 08-17-2010 - 6d - Laserfiche WebLink

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"Collection of the tax, and liability therefore, must begin and continue only on and after the first day of a calendar quarter, as set by the Board of County Commissioners in the resolution levying the tax. In no event may the tax be imposed, or the tax rate changed, earlier than the first day of the second succeeding calendar month after the date of the adoption of the resolution. The County must give the Secretary at least 90 days advance notice of a new tax levy or rate change." If the voters of Orange County approve the Special Advisory Referendum on November 2, 2010 and the Board approves a resolution to levy the tax before December 31, 2010, the new One- Quarter Cent (1/4¢) County Sales and Use Tax could begin on April 1, 2011. After hearing public comments, the Board will further discuss proposed uses for the One- Quarter Cent sales tax revenues at a work session on August 19, 2010. After discussing potential uses, it is the intent of the Board to formulate language for a resolution addressing the potential uses for consideration at the Board's September 2, 2010 regular meeting. FINANCIAL IMPACT: There is no financial impact associated with holding a public hearing on potential uses for aOne-Quarter Cent (1/4¢) County additional Sales and Use Tax. If a majority of voters approve the sales tax and the Board of Commissioners implements the sales tax on April 1, 2011, the Article 46 sales and use tax would generate approximately $2,300,000 annually for the County. The sales tax would generate approximately $575,000 during the remainder/last quarter of FY 2010-11. RECOMMENDATION(S): The Manager recommends the Board: 1) Hold the public hearing on potential uses for aOne-Quarter Cent (1/4¢) County additional Sales and Use Tax; 2) Review and discuss proposed uses of the potential sales tax revenues; 3) Provide any direction to staff in preparation for the Board's further discussion of potential uses at the Board's August 19, 2010 work session; and 4) Provide direction to staff on next steps relating to any public education efforts to ensure voters are knowledgeable regarding the ballot question in the resolution.