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Title:
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REPORT - CITY OF SANTA ROSA REVENUE OPTIONS FOR AFFORDABLE HOUSING, INFRASTRUCTURE AND GENERAL CITY SERVICES
BACKGROUND: Additional financial resources are needed to enable the City to meet the following Council goals:
• Effectively implement the recovery and rebuilding of Santa Rosa;
• Meet housing needs;
• Attain functional zero homelessness; and
• Foster a strong downtown and overall economic development of the community.
To generate the needed funding, the Council may consider one or more of the following new revenue options: (1) Increase City sales tax by a quarter-cent; (2) Increase the Transient Occupancy Tax paid by guests at hotels, motels and other short-term rentals within the City limits from 9% to up to 14%; (3) Approve a Housing and Infrastructure Bond, placing a new Ad Valorem tax on properties within the City and thereby allowing the issuance and repayment of bonds to support affordable housing and municipal infrastructure; and/or (4) Approve a Housing Bond, placi...
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