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HomeMy WebLinkAboutMinutes - Economic Development Committee - 01/21/2019South Burlington Economic Development Committee January 21, 2019 Special Meeting to Discuss Local Option Tax Minutes Meeting Convened at 5:35 PM 1. Welcome 2. Instructions on exiting building in case of emergency. 3. City Manger Dorn presented background on the local option tax, details, options and the timeline that the City Council will be discussing and possibly voting on 1/22/19. 4. The Committee discussed wording on the Ballot Warning. 5. The Committee discussed the impact of additional taxes on economic development and the city’s growing reputation as a heavily taxed community. 6. The Committee discussed the proposed rental car tax. Manager Dorn emphasized that this is not a tax on the airport car rental agencies but on all car rental agencies in South Burlington. 7. Motion made by Michael Albertson: The Committee cannot support the current option tax and other revenue raising mechanisms presented to us by the City Council without additional information/time to research the potential impact on Economic Development these proposals will have. Motion passed by unanimous vote. 8. Motion by the Chair: To support the proposal for a tax on auto rentals at 2%, not “up to 5%” as the current proposal suggests. Motion passed by unanimous vote. 9. Adjourn: The Committee adjourned at 6:55 pm. Next regularly scheduled meeting: January 28, 2019 at 5:30 pm.