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30 <br />Types of Revenues and <br />Financing Mechanisms <br />MAJOR REVENUE OPTIONS AND FINANCING MECHANISMS <br />TYPE OF TAX BASIS FOR LEVY VOTER APPROVAL <br />REQUIREMENT <br />FINANCING <br />MECHANISM <br />GENERAL FUND <br />SUPPORTED? <br />TAX ON PROPERTY <br />Ad Valorem <br />Property Tax <br />City-wide. A levy on property based <br />on the properties’ assessed value <br />and used for voter approved debt. <br />Two-thirds General Obligation Bonds No <br />Parcel Tax <br />City-wide or local. A levy on parcels <br />of property, typically set at some <br />fixed amount per parcel. Cannot be <br />based on a property’s value. <br />Two-thirds Special Tax Bonds No <br />GENERAL TAXES <br />Sales Tax <br />(General) <br />City-wide. A levy on the retail sale of <br />tangible goods.Majority Pay-go or lease obligation Yes <br />Business Tax City-wide. A levy on operators of <br />businesses.Majority Pay-go or lease obligation Yes <br />Hotel Tax <br />City-wide; primarily to visitors. A levy <br />on the occupancy of hotels, motels, <br />or other short-term lodging. <br />Majority Pay-go or lease obligation Yes <br />Utility Tax <br />City-wide. A levy on the use of <br />utilities, such as electricity, gas, or <br />telecommunications. <br />Majority Pay-go or lease obligation Yes <br />SPECIAL TAXES <br />Sales Tax <br />(Special) <br />City-wide. A levy on the retail sale of <br />tangible goods.Two-thirds Sales Tax Revenue Bonds No <br />Benefit <br />Assessment <br />Local. A levy on property within a <br />benefit assessment district. Based <br />on calculation of the special benefit. <br />50% of <br />property owners Assessment Bonds No