What should the Town consider when exploring possible revenue sources like the ones supported by residents through the survey, ones not currently being collected by the Town, or other ideas you may have?
CLOSED: This discussion has concluded.
- Resident Guidance: According to a statistically projectable survey, 42% of residents supported issuing municipal bonds, 29% supported pursing annexations, 28% supported adding or increasing user fees, 18% supported implementing a property tax and 22% supported increasing sales tax with more retail.
- Existing Conditions: OV has limited land remaining for development. Although redevelopment will occur, revenue from construction tax and impact fees are expected to decrease over the next 10 years. Additionally, gasoline tax rates (state and federal) have not increased since the 90s and use of electric vehicles have increased. Yet inflation of materials and labor for roadway maintenance continues to rise. Other revenue sources the Town could collect include Use Taxes, Commercial Rental Taxes, Property Taxes for the Town, Residential Rental Taxes and Electric/Gas Franchise Fees.
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