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033 <br />Eli~ <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. III. B. <br />_ Information <br />Meeting Date: February 18, 2008 XX Action Item <br />- Consent Agenda <br />1 <br />SUBJECT: %-Cent Sales Tax Referendum <br />DEPARTMENT: Commissioners/Finance Committee <br />CONTACT PERSON: Robert Reives. John Crumpton, Lisa Minter <br />REQUEST: Consider Resolutions for the''/4 Cent Sales Tax Levy <br />SUMMARY: Since September, the Finance Committee and Board of <br />Commissioners have been reviewing the 2007 Y4-cent Sales Tax Levy which was authorized by <br />the General Assembly. The two resolutions which are attached set the date of the referendum <br />and the intended uses of the new revenue. <br />BUDGET IMPACT: $1.5 million in new revenue on an annual basis. <br />ATTACHMENT(S): 1) Resolution asking the Board of Elections to hold a Referendum <br />on the''/4-cent Sales Tax during the May 6'n, 2008 Primary Elections. <br />2) Resolution stating the Commissioners intent on uses for the <br />revenue received from the new Sales Tax. <br />PUBLIC HEARING: A Public Hearing is not needed. However, the Board has solicited <br />comments on the'/4-cent sales tax and land transfer tax options from the public at the January 21, <br />2008 and February 4, 2008 Commissioner's meetings. <br />PRIOR BOARD ACTION: The Board previously passed a motion which would have put both <br />the'/4-cents sales tax and land transfer tax options on the May 6ht ballot. Based on the comments <br />received during the public comment periods, it appears there is only support for the sales tax <br />option- <br />RECOMMENDATION : Accept the recommendation of the Finance Committee and approve <br />resolutions. <br />Ell <br />