Title
Approval of an Ordinance Amending Title 3 of the Olympia Municipal Code Relating to Revenue and Finance
Recommended Action
Committee Recommendation:
The Finance Committee recommends moving to approve on second reading, an ordinance amending Title 3 of the Olympia Municipal Code relating to revenue and finance.
City Manager Recommendation:
Move to approve on second reading, an ordinance amending Title 3 of the Olympia Municipal Code relating to revenue and finance.
Report
Issue:
Whether to approve proposed changes to OMC Title 3.
Staff Contact:
Shawn Ward, Interim Finance Director, 360.753.8465
Presenter(s):
None. Consent calendar item only.
Background and Analysis:
Background and analysis did not change from first to second reading.
In April 2024, the City Council approved a new Tax Review team focused on education and compliance outreach to people engaging in business here. To help in these efforts, we propose administrative updates to Title 3, Title 4 and Title 5. This staff report focuses on Title 3, and there are two other staff reports covering Titles 4 and 5. On November 18, 2024, staff presented these changes to the Finance Committee, who recommended that the City Council approve the changes as proposed.
Title 3 contains chapters related to the City's revenue and finances, including tax revenue remitted to the City by the State or County while Title 5 contains chapters related to business licensing and taxes which the City collects directly from people engaging in business in Olympia.
The updates being proposed to Title 3 are administrative in nature and involve moving one chapter out and one chapter in.
1. OMC Chapter 3.32 Admissions Tax: This chapter should be moved from Title 3 to Title 5 OMC to properly align this tax collected from people engaging in business in Olympia as provided within Title 5 OMC.
2. Previously designated OMC Chapter 5.86 Multi-Family Dwelling Tax Exemptions: This chapter should properly be moved from Title ...
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