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    6.    
Business Meeting
Meeting Date: 12/12/2017 Length (in minutes): 40 Minutes
Agenda Title:    Levy and Bond Advisory Task Force Discussion
Prepared For: Eric Zimmerman Submitted By: Kelly Burgoyne, Central Services
Item Type: Update, Discussion, Direct Staff
Meeting Type: Council Business Meeting - Main
Public Hearing
Newspaper Legal Ad Required?:
No
 
Public Hearing Publication
Date in Newspaper:

Information
ISSUE
The Levy and Bond Task Force will present recommendations to the City Council on the questions of:

1) Should the city pursue a local option levy with the voters of Tigard?
2) What should a local option levy be used for in the City of Tigard?
3) If the city chooses to refer a local option levy to voters, at what rate per thousand should the city consider?

The LBTF unanimously supported the city pursuing a local option levy at this time, in a range between $1.00/thousand to $1.50/thousand of assessed value.  The task force will provide a presentation of these recommendations to council and provide insight about their decision and their priorities. Common themes for the use of levy funds are increased or improved sidewalks, police and public safety, and parks maintenance and improvements.
STAFF RECOMMENDATION / ACTION REQUEST
No action needed at this time.  This is a report from a task force of community members. Council can ask staff to further develop work based upon recommendations of LBTF or additional council input.

 
KEY FACTS AND INFORMATION SUMMARY
The Levy and Bond Task Force was formed in the summer of 2017, consisting of 17 members of the Tigard community.
The City of Tigard faces financial difficulty maintaining current city services given the current revenue and expense forecasts.
The Levy and Bond Task Force (LBTF) reviewed Tigard's financial situation, including forecasts, expenses, revenues, and tax structures.  They considered options to correct the concerns about revenue and expenses, as well as the impact cuts or improvements could have upon the community.
The LBTF was supported in its work by city staff who facilitated meetings, researched questions, provided background information, and provided clarity on issues concerning task force members.
The recommendations by the LBTF are independent conclusions by a body of the community.
Council-President Snider serves as the council liaison to the task force.

 
OTHER ALTERNATIVES
COUNCIL OR CCDA GOALS, POLICIES, MASTER PLANS
DATES OF PREVIOUS CONSIDERATION
This is the first report to council of the Levy and Bond Task Force.
Attachments
Presentation

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