ANKENY CITY COUNCIL

Regular Agenda

December 18, 2017
5 : 30 PM

Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem

Council Members: Bobbi Bentz, Jim McKenna, Wade Steenhoek, Kerry Walter-Ashby
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ORIGINATING DEPARTMENT: COUNCIL GOAL:
City Manager High Performing City Organization: Financially Sound, Providing Service Value
ACTION REQUESTED:
Resolution
LEGAL:
Item Reviewed by Legal Counsel
SUBJECT:

Local Option Sales and Services Tax

EXECUTIVE SUMMARY:

The County Commissioner of Elections is requested to submit to the voters of the City of Ankeny, at the Regular City Election on March 6, 2018, the question of the imposition of a Local Option Sales and Services Tax to begin on July 1, 2018 and the following ballot language is recommended.

To authorize imposition of a local sales and services tax in the City of Ankeny at the rate of one percent (1%) to be effective from July 1, 2018, until repealed.  Revenues from the sales and services tax are to be allocated as follows:

Fifty-five percent (55%) of such revenues for property tax relief.

Forty-five percent (45%) of such revenues for capital projects, including constructing and equipping a senior center, street improvements, park and trail improvements and recreational facilities; other public infrastructure; and debt retirement.

 

FISCAL IMPACT: Yes
According to the Iowa Department of Revenue a local option sales and services tax would generate an estimated $6.9 million annually. 
CITY MANAGER'S RECOMMENDATIONS:
Recommend that the City Council approve Resolution to initiate a special election on the imposition of a local option sales and services tax within the City of Ankeny in Polk County, Iowa, and specify expenditure purposes for the ballot.
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
ACTION REQUESTED:

Action: Consider motion to adopt RESOLUTION to initiate a special election on the imposition of a local option sales and services tax within the City of Ankeny in Polk County, Iowa, and specifying expenditure purposes for the ballot.

ADDITIONAL INFORMATION:
ATTACHMENTS:
Click to download
Resolution