| | | | | | | | STAFF REPORT - CITY COUNCIL/SUCCESSOR AGENCY/PUBLIC FINANCE AUTHORITY
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| | | | | | | | | Subject: | Transient Occupancy Tax 10 Year Revenue Projection (Informational Only) | | Meeting Date: | January 2, 2020 | | From: | Marissa Trejo, City Manager | | Prepared by: | Jasmin Bains, Financial Services Director |
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| | | | | | | | I. RECOMMENDATION:
Staff has no recommendation. This was requested as a future agenda item by Councilman Adam Adkisson.
II. BACKGROUND:
III. DISCUSSION:
Actual Transient Occupancy Tax (TOT) for FY 2018-2019 was used as a base amount for the future year projections. The current TOT rate for the City of Coalinga is 6%. An inflation rate of 3% per year was used for the projection calculation presented.
IV. ALTERNATIVES:
None.
V. FISCAL IMPACT:
None. | | |
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