HomeMy WebLinkAbout2022-01-18 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
Page 1 of 2
Special Meeting
January 18, 2022
The Finance Committee of the City of Palo Alto met on this date in virtual
teleconference at 6:00 P.M.
Present: Burt, Cormack (Chair), Filseth
Absent: None
Oral Communications
Agenda Items
1. Discuss Poll Results Regarding Potential 2022 Revenue Generating Ballot
Measures and Recommend Further Refinement of Business License Tax
and Utility Tax Proposals.
MOTION: Committee Member Cormack moved, seconded by Committee
Member Filseth for the Finance Committee to tentatively recommend that the
City Council consider:
A. Direct Staff to pursue preparation of a square footage business license
tax with the following characteristics:
i. Continue to review the rates; Adding option 3 as a starting point ;
ii. Exemptions for businesses subject to the Transient Occupancy Tax
and grocery;
iii. Annual escalator uses CPI as a basis;
B. Accept the results of the Initial Poll and draft Community and
Stakeholder Engagement Plan; and
C. Direct Staff to develop a proposal for voter ratification of the existing
gas General Fund Equity Transfer and eliminate the UUT option
D. Consider a third poll in the ballot measure workplan
ACTION MINUTES
Page 2 of 2
Sp. Finance Committee Meeting
Action Minutes: 1/18/2022
MOTION PASSED: 3-0
Future Meetings and Agendas
Adjournment: The meeting was adjourned at 8:43 P.M.