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FINANCIAL IMPACT: There is no financial impact associated with holding a public hearing on <br />potential uses for aOne-Quarter Cent (1/4¢) County Sales and Use Tax. <br />If a majority of voters approve the sales tax, and the Board of Commissioners implements the <br />sales flax as soon after the November 8, 2011 referendum as possible, it could have an <br />effective date of April 1, 2012. Approximately $025,000 would be generated during the <br />remainderllast quarter of FY 2011-12. As an additional revenue source in the following years, <br />the sales and use tax would generate approximately $2,500,400 annually for the County. <br />RECOMMENDATION(S): The Manager recommends the Board: <br />1) Hold the public hearing on potential uses for funds from aOne-Quarter <br />Cent (1/4¢) County additional Sales and Use Tax; <br />2} Review and discuss proposed uses of the potential sales tax revenues; <br />3} Provide any direction to staff in preparation for the Board's further <br />discussion of potential uses for funds at the Board's April 7~~ work session; <br />and <br />4} Provide direction to staff on next steps in preparation for Board discussion <br />at the April ?'~~ work session on any public education efforts to ensure <br />voters are knowledgeable regarding the ballot question. <br />