Title
Cable TV Utility Tax
Recommended Action
City Manager Recommendation:
Discuss issue and give direction to staff.
Report
Issue:
Discussion on revenue and impact of a utility tax on cable TV services.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
Dean Walz
Background and Analysis:
During the 2014 budget deliberations the Council discussed a possible revenue enhancement with a utility tax on cable TV service. At the March 12, 2014 Finance Committee meeting, the Committee requested this topic. There was interest at the meeting to consider using revenues from this tax for facility major repairs and maintenance.
Neighborhood/Community Interests (if known):
None to be presented.
Options:
1) Consider options and direct staff regarding further research and analysis.
2) Forward recommendation to the City Council
3) Do not continue consideration of this tax at this time
Financial Impact:
Estimated annual revenue per 1% of tax of $145,000. Estimated average impact per account $0.73 per month for each 1% of tax.