Recent legislative action eliminating the City's ability to charge sales tax on residential rental will remove approximately $5.0 million of re-occurring revenue from the City's general fund. Additional legislative action in the future further eliminating other sources of City general fund revenues is a distinct possibility. This work session will overview our general fund revenue sources and present options for council discussion on how to address this and future legislative changes which may reduce local revenues and impact the services we provide. (Doug Sandstrom, Finance Director)

There is no direct fiscal impact associated with this item, however council discussion will have an impact on future actions related to revenue and expenditures.

Annually council discusses items which will impact future budget development. Legislative updates on the implications of various state actions have been presented to council.