2009_1109_Packet - Laserfiche WebLink

Home

Department Approval ��. �: � Item Description l�'�, Jy REQUEST FOR COUNCIL ACTION Discussion on Alternative Revenue Sources Date: 11/09/09 Item No.: 10.a.2 City Manager Approval � / BACKGROUND At the May 11, 2009 City Council meeting, Staff presented a brief overview of alternative revenue sources that could be used to support the City's 2010 programs and services. These alternative revenues would be especially helpful in offsetting the expected loss of $450,000 in Market Value Homestead Credit (MVHC), and in ensuring the City's long-term financial sustainability. City Staff has identified a number of potential revenue sources that are in use in other municipalities and that could be implemented in Roseville. We have also identified some potential sources that would offset specific program costs. They include (but are not limited to): ❖ Gas and/or electric franchise fee ❖ Street light utility fee ❖ Continued regional cooperation efforts ❖ Special services district assessments ❖ Commercial police patrol fee ❖ Increase business licensing fees ❖ Increases fines ❖ Vehicle towing fees ❖ Animal recover/transport fee ❖ Home security check fee ❖ Increase business alarm fees ❖ Student enrollment fee These new revenue sources not only could be used to offset the loss of MVHC, it could also provide greater transparency in demonstrating the amounts needed to fully recover program costs. In addition, they could be used to strengthen the City's asset replacement funding mechanisms. Individually, these revenues sources, such as the vehicle towing fee might garner as little as $10-20 per occasion. Sy contrast, if the City enacted a street light utility it could be set at such a rate to generate $300,000 annually. Gas and electric franchise fees would garner even more. A 1% franchise fee charged to gas and electric customers would equate to approximately $620,000 annually. Page 1 of 2