What non-tax options does the City have for increasing revenue?

The Budget Committee is presenting a long list of potential tax and non-tax revenue generating options at the November 7 City Council meeting. These options were initially outlined in the October 17 Revenue Options Staff Report (page 11 of 12), and then refined in the November 7 Revenue Options Staff Report (page 6-11 of 38).

The Minimum Goal: $1.7M-$2.6M in New Funding Annually

The City has projected annual shortfalls of $1.7M to $2.6M through 2029-30. This is each year.
A 1/2% Sales Tax will bring in $1.7M-$1.8M annually, core funding the is the foundation for a full solution. No other option comes close.
Sources for the above: earlier news postings on the deficit, revenue options.

List of Priority Revenue Options (Nov 7 Revenue Options Staff Report)

Tax Options
- Proposed Sales Tax Measure for March 2024
- Vacancy Tax for Commercial businesses
- Utility Users Tax (UUT)
- Transient Occupancy Tax (TOT)
- Parcel Tax
Non-Tax Options
- Review of Formula Business Ordinance
- Development Fees
- Event Licenses
- Sonoma County Tourism
- Review of City Properties
- EMS Reimbursement
- Tiny Homes/ADUs

List of Other (Lower Priority) Revenue Options (Nov 7 Revenue Options Staff Report)

Expansion of vacation rentals
Review of all City leases
Municipal bonds
Reassessment of trench cut and other ordinances
Business district expansion (Chamber of Commerce & Downtown Assoc are moving forward with this)
Establish an Enhanced Infrastructure Financing District ( EIFD) (City Attorney making initial inquires)
Revise City business license tax (Staff is doing initial research)
Continue to seek grant opportunities (Staff has been and will continue to pursue grants)
Cannabis Tax

List of Non-Revenue but Supportive Strategies (Nov 7 Revenue Options Staff Report)

Combining and consolidating departments
Review of capital improvement projects to identify those that can be delayed

Sources: