pages: CityCouncil/2008-03-04.pdf, 15
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CityCouncil | 2008-03-04 | 15 | going to carry the economic health of the City. Mayor Johnson inquired whether yacht sales generate sales tax. The Development Services Director responded yacht sales are approximately 9% of the City's sales tax revenue; stated the percentage is cyclical because yachts are a luxury item; boat shows are not a point of sale trigger brokers report into the County where the business is registered; local businesses report at the point of origin; she will provide more information on the impacts of boat shows; a Revenue Enhancement Committee has been created to review different revenue enhancement ideas the Committee could review the matter and see whether priority time should be spent on the matter currently, the Development Services Department has staffing issues and is slow in providing detailed information on the matter. Councilmember Matarrese stated that the matter warrants some study boat shows are not for sales tax but are for bringing people into an area to show case marine facilities the constant flow of goods that go into keeping a boat are a hidden source of revenue. Mayor Johnson stated that the matter could come back to Council after Committee review; inquired whether the sales tax trigger could be requiring a business license, to which the Development Services Director responded that she would check. Councilmember Matarrese stated that he would like to receive feedback from the Revenue Enhancement Committee; the health of the City's economy depends on being as diverse as possible. The Development Services Director stated job creation is a possibility. Councilmember Matarrese stated business license contributions are also a factor. COUNCIL COMMUNICATIONS (08-107) Vice Mayor Tam stated that she has been attending the Alameda Education Foundation strategy sessions regarding the School District's funding crises; Councilmember Matarrese and Councilmember Gilmore also attended a meeting on February 28; discussions involved reviewing BWIP redevelopment funds accrued and managed by the City to see if there are opportunities to work with the School District within the parameters of State Redevelopment Law, which is very constraining. Regular Meeting Alameda City Council 15 March 4, 2008 | CityCouncil/2008-03-04.pdf |