On the agenda for Wed., July 18, 2018:
1. An increase in the TOT from 10 – 12% of the amount paid by the transient is estimated to yield an additional $1,135,000 in revenues annual. This estimate is based upon updated projections for the period ending in Fiscal Year 17/18, and DOES NOT take into consideration any adjustments for the short-term rental license lottery held earlier this year, or the proposed citizen’s short-term rental initiative that will be on the November 6, 2018 ballot.
2. The estimated cost of consolidating the next election (November 6) with the Monterey County Elections Office is $6-$8 per voter or $58,206 to $77,608. This estimated cost, provided by the Monterey County Elections office in January 2018, is for the City’s local candidates, and any City measure and/or initiatives.
City Council will Discuss Transient Occupancy Tax Increase
posted to Cedar Street Times on July 13, 2018
Topics: Front PG News
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