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Chief Administrative Office recommending the Board approve and authorize the Chair to:
1) Sign Resolution 024-2023, and incorporating Committee Bylaws, to create a Citizens’ Oversight Committee to review and report on the revenue and expenditure of funds from voter approved Measure S - a 4% increase in Transient Occupancy Tax in the unincorporated area of the Tahoe Area; and
2) Direct the Clerk of the Board to commence the application process for the selection of five (5) Committee Members, pursuant to Board Policy I-5 and return to the Board no later than March 1, 2023, for the appointment of said Members.
FUNDING: General Fund - Transient Occupancy Tax.
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DISCUSSION / BACKGROUND
On April 25, 2022 (Legistar 22-0498), the Board authorized staff to place two measures on the November 2022 ballot. The first measure requested voters to support a 2% Special Tax increase (requiring a 2/3 supermajority voter approval of the unincorporated West Slope) to the County’s Transient Occupancy Tax (TOT) rate, from 10% to 12%, on visitors of vacation home rentals, hotels and motels in the unincorporated portion of the West Slope of El Dorado County. Based on Fiscal Year 2021-22 TOT figures, the 2% increase would generate approximately an additional $340,000 annually. The additional revenue would be dedicated solely to maintenance of existing roads in the unincorporated portion of the West Slope.
The second ballot measure requested voters to support a 4% Special Tax increase (requiring a 2/3 supermajority voter approval of the unincorporated Tahoe Area) to the County’s TOT tax rate, from 10% to 14%, on visitors of vacation home rentals, hotels and motels in the unincorporated portion of the Tahoe Area of El Dorado County. Based on Fiscal Year 2021-22 TOT figures, the 4% increase would generate approximately an additional $2,500,000 of revenue annually. The additional revenue would be dedicated solely to snow removal and maintenance of existing roads in the unincor...
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