pages: CityCouncil/2018-03-20.pdf, 6
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CityCouncil | 2018-03-20 | 6 | Councilmember Oddie inquired whether the Transient Occupancy Tax (TOT) includes Air BnBs at this time, to which the Acting City Manager responded in the negative. Mayor Spencer stated the UUT is one of five components used to calculate employees' raises; she would like to see an update on the numbers; expressed concern with the significant change in trajectory triggering automatic raises. The Acting City Manager stated staff did a projection and determined the UUT does not have a significant impact on the Balance Revenue Index (BRI); the matter can be brought back to Council. Mayor Spencer stated the transfer tax and UUT have increased significantly; both should be disclosed when the matter comes before Council; there could be a significant increase in employee expenses if a raise is triggered; the revenue needs to be monitored. The Acting City Manager concurred. Councilmember Oddie stated the transfer tax is a volatile revenue stream in the BRI; a reduction could also happen; a number of different factors are in the formula. Mayor Spencer inquired whether any components are decreasing. Councilmember Oddie responded there is a possibility next year. Mayor Spencer inquired whether the five components are reviewed annually to see if the raises are automatically triggered, to which the Acting City Manager responded on the affirmative. Ms. Mayer stated the information will be a part of the expenditure projection for FY2018- 19. Mayor Spencer inquired what numbers were used on the prior year expenditure compared to the current year. The Acting City Manager responded the numbers listed are actual amounts; stated when staff returns with projections, the review will include increases. Mayor Spencer inquired whether the numbers can be disclosed to Council and the public as part of the report. The Acting City Manager responded in the affirmative; stated assumptions are always a part of the budget. Mayor Spencer stated that she would like the matter to return to Council with the prior Regular Meeting Alameda City Council 6 March 20, 2018 | CityCouncil/2018-03-20.pdf |