DATE: June 20, 2017
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Amendment to County Sales and Use Tax Ordinance (County Wide)
FY 2017-18
RECOMMENDED ACTION(S):
TITLE
Conduct second hearing and adopt ordinance amending Fresno County Ordinance Code Section 4.16.090 concerning the allocation of sales and use tax revenues, amending it as to the City of Fresno as to its sales tax distribution rate, and amending the dates to which all cities within the County must adhere to the stated rates, changing the effective dates of the adjusted rates to be from July 1, 2017 to June 30, 2018, and waive the reading of the ordinance in its entirety.
REPORT
This item comes before the Board pursuant to the Memorandum of Understanding (MOU) between the County and the cities within the County which provides for an annual adjustment to the sales and use tax sharing ratio between the County and the cities within the County (see Exhibit A). The proposed ordinance will change the sales and use tax ratio of the one-percent Sales and Use Tax returned to the County and the cities from the State Board of Equalization for the City of Fresno from 0.9468 to 0.9469. The proposed ordinance will also change the dates to which all cities within the County must adhere to the stated rates from July 1, 2017 to July 1, 2018. The recommended action would result in the adoption of the ordinance. The first hearing related to the recommended action was held on June 6, 2017.
ALTERNATIVE ACTION(S):
Not approving the proposed sales and use tax rate changes would result in the County not receiving in FY 2017-18, an additional $5,475.77 over the last year's amount of $265,108.39 based upon the adjusted Consumer Price Index (CPI) from Michael Automotive that was annexed to the City of Fresno in 1992 based on the City of Fresno's sales tax revenue in FY 2015-2016.
FISCAL IMPACT:
Currently the City of Fresno receives a 0.9468 percent s...
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