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File Number: 19-331 <br />City could forgo approximately $50,000 to $75,000 in revenue over the course of the upcoming <br />fiscal year by postponing the currently scheduled tax increase. However, this estimated reduction <br />in revenue could potentially be mitigated based upon several factors, including the specific future <br />opening dates of the other cannabis businesses, and the potential for slightly increased sales <br />volume that could be generated throughout the City because of a lower-tax environment for the <br />cannabis industry. <br />Attachment(s) to Staff Report <br />·Resolution establishing the proposed medical cannabis tax rate <br />PREPARED BY: Eric Engelbart, Deputy City Manager, City Manager’s Office <br />Page 4 City of San Leandro Printed on 6/12/2019 <br />249