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2 <br /> County should terminate the current agreement. This would allow the County to enter into more <br /> limited term agreements with each municipality separately. To begin negotiations for tax collection <br /> in the 2027-28 fiscal year, the County would need to terminate the agreement prior to June 30, <br /> 2026. <br /> FINANCIAL IMPACT: There would be an increase in revenue generated from potential <br /> amendments to the current ILA. The revenue accrued through new ILAs could be used to fund <br /> recommended improvements to the Tax Office beginning in FY 2027-28. The County received <br /> $410,000 in FY 2024-2025 from the Towns based on a 0.5% tax collection fee. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 6: DIVERSE AND VIBRANT ECONOMY <br /> OBJECTIVE 3. Streamline and improve County administrative processes to facilitate <br /> efficient and effective interactions between residents, businesses, and County <br /> departments. <br /> OBJECTIVE 5. Increase access to and awareness of information and assistance available <br /> to residents and businesses through clear communication and responsive service delivery. <br /> RECOMMENDATION(S): The Manager recommends that the Board receive the update on the <br /> discussions with the towns, and provide direction to staff regarding potential action to terminate <br /> the current ILA prior to June 30, 2026. <br />