Laserfiche WebLink
City Council Finance Committee <br />Meeting Minutes <br />07/18/22 <br />Page 3 of 3 <br />CONSTRUCTION USE TAX - DISCUSSION <br />Mayor Pro Tern Maloney facilitated a discussion of the use tax on building <br />materials and various options for offering a rebate of those taxes to the rebuilding <br />of structures lost in the Marshall fire. <br />The dashboards can be located in the packet of the July 18, 2022 Finance <br />Committee Meeting. <br />STAFF REPORTS/UPDATES/DISCUSSIONS <br />Update on Bag Tax Compliance and Business Outreach <br />Jeanette Longoria, Tax Manager, updated the Committee on business outreach <br />efforts and overall compliance with the City's new Bag Tax. The Committee <br />requested an update on second quarter collections at its August meeting. <br />Update on State's Sales & Use Tax System (SUTS) implementation and <br />Licensing Implications <br />Jeanette Longoria, Tax Manager, updated the on implementation of SUTS and the <br />decisions that will be needed regarding future sales & use tax licensing. The <br />Committee requested a discussion on future licensing at its August meeting. <br />Work Plan <br />Kevin Watson, Finance Director, presented an updated draft of the Committee's <br />2022 work plan. The work plan can be located in the packet of the July 18, 2022 <br />Finance Committee Meeting. <br />DISCUSSION ITEMS FOR THE NEXT REGULAR MEETING <br />The next regular Finance Committee Meeting is scheduled for Monday, July 18, <br />2022 at 4:00 p.m. <br />Items to be included in the next meeting: <br />• Remaining Quarterly Reports (Sales & Use Tax, Financial Statements, Capital <br />Improvements, Cash & Investments) <br />• Revenue Projection Dashboards <br />/_111401110LI <br />The meeting was adjourned at 6:16 p.m. <br />5 <br />