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~ LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY FINANCE COMMITTEE <br />lv J <br />ITEM ABSTRACT ITEM NO: 1. A. <br />X Information <br />_ Action Item <br />Meeting Date: January 22, 2008 _ Consent Agenda <br />SUBJECT: County Revenue Options <br />DEPARTMENT: Administration <br />CONTACT PERSON: John Crumpton, County Manager <br />Lisa Minter, Finance Director <br />REQUEST: Discussion regarding new revenue options available to the County <br />SUMMARY: The Committee will review information related to the 'Y4 percent <br />sales tax and the .4% land transfer tax revenue options that the <br />Board of Commissioners can put to the vote of the citizens of Lee <br />County. The estimated proceeds from each option will be reviewed- <br />ATTACHMENT(S): NCACC Estimated Additional County Revenue Authority <br />Articles from the NCACC website <br />o Alexander voters OK quarter-cent sales tax <br />o Five counties see sales tax approved by voters <br />o Frequently asked questions regarding new county authority <br />referenda <br />Lee County analysis of % percent sales tax and .4% land transfer <br />tax <br />BUDGET IMPACT: <br />PUBLIC HEARING <br />PRIOR COMMITTEE <br />ACTION: <br />RECOMMENDATION: <br />Potential impact explained on attachments <br />None <br />None <br />N/A <br />E' <br />