Laserfiche WebLink
Department Approval <br />��. ,�: �� <br />Item Description <br />l�'�, <br />Jy <br />REQUEST FOR COUNCIL ACTION <br />Date: 5/11/09 <br />Item No.: 12.d <br />RCA 2 of 2 <br />Acting City Manager Approval <br />Discussion on Alternative Revenue Sources <br />� .�: ?�t <br />BACKGROUND <br />As the City prepares for the expected loss of $400,000 in Market Value Homestead Credit (MVHC), and <br />recognizing the importance of achieving long-term financial sustainability, the City is faced with the <br />prospect of reducing program and service levels. While the re-evaluation of the City's program offerings is <br />on-going, it is arguably prudent to at least consider alternative revenue sources as a means of minimizing <br />program and service cuts. <br />Over the past several years, City Staff have identified a number of potential revenue sources that are in use <br />in other municipalities and that could be implemented in Roseville. We have also identified some potential <br />sources that would offset specific program costs. They include (but are not limited to) : <br />❖ Gas and/or electric franchise fee <br />❖ Street light utility fee <br />❖ Continued regional cooperation efforts <br />❖ Special services district assessments <br />❖ Commercial police patrol fee <br />❖ Increase business licensing fees <br />❖ Increases fines <br />❖ Vehicle towing fees <br />❖ Animal recover/transport fee <br />❖ Home security check fee <br />❖ Increase business alarm fees <br />❖ Student enrollment fee <br />These new revenue sources not only could be used to offset the loss of MVHC, it could also provide greater <br />transparency in demonstrating the amounts needed to fully recover program costs. In addition, they could <br />be used to strengthen the City's asset replacement funding mechanisms. <br />Individually, these revenues sources, such as the vehicle towing fee might garner as little as $10-20 per <br />occasion. Sy contrast, if the City enacted a street light utility or electric franchise fee it could generate <br />hundreds of thousands of dollars annually. <br />Page 1 of 3 <br />