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SUBJECT: EXPLORATION OF POTENTIAL NEW REVENUE SOURCES - CAPITAL <br />DATE: MAY 15, 2025 <br />The Finance Committee has requested from Staff potential funding mechanisms that <br />could provide funding for Major Capital Projects. <br />Beginning in 2024, Staff added the Unfunded Capital List of Needs within the CIP <br />Program. Over 2025 — 2030, that amount totaled approximately $120M. (Refer to <br />Attachment 1: Unfunded CIP List) <br />SALES TAX: <br />The City of Louisville's Sales Tax rate is currently 3.775%. In total, adding in State and <br />County taxes, Sales Tax within the City is 8.96% <br />The City's Sales Tax Rate of 3.775% is broken out as follows; <br />• General 3% (2% General Fund, 1% Capital Fund), perpetuity <br />• Open Space, 0.3125%, expires 12/31/2033 <br />• Parks 0.1875%, expires 12/31/2033 <br />• Recreation 0.15%, perpetuity <br />• Historical Preservation 0.125%, expires 12/31/2028 <br />Table 1: Sales Tax Comparison Chart <br />4.50% <br />4.00% <br />3.50% <br />3.00% <br />2.50% <br />2.00% <br />1.50% <br />1.00% <br />0.50% <br />0.00% <br />4.25% <br />4% <br />Sales Tax Rates - 2025 <br />3.87% 3.86% <br />3.775% 3.775% <br />3.53% <br />3.33% <br />Nederland* Lyons* Lafayette* Boulder* Louisville* Superior* Longmont* Erie* <br />FINANCE COMMITTEE COMMUNICATION <br />9/107 <br />