Title
a. Receive a presentation and status update on the evaluation efforts related to potential 2026 revenue measures, including a Property Transfer Tax (PTT) and a potential increase to the Transient Occupancy Tax (TOT);
b. Provide direction to staff on whether to proceed with development of one or both measures for potential placement on a future ballot; and
c. Consider adopting a resolution to:
1. Amend the County of Monterey Administrative Office Fiscal Year 2025-26 Adopted Budget (001-1050-8039-CAO014, Other General Expenditures) to increase appropriations by $30,000 - financed by a corresponding reduction in 001-1050-8034-CAO020 (Contingencies) to support consultant services required for pre-ballot feasibility analysis and public engagement (4/5ths vote required); and
2. Authorize and direct the Auditor-Controller and County Administrative Office to incorporate the changes in the Fiscal Year 2025-26 County Administrative Office Adopted Budget 001-1050-8039-CAO014 (Other General Expenditures) (4/5ths vote required).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive a presentation and status update on the evaluation efforts related to potential 2026 revenue measures, including a Property Transfer Tax (PTT) and a potential increase to the Transient Occupancy Tax (TOT);
b. Provide direction to staff on whether to proceed with development of one or both measures for potential placement on a future ballot; and
c. Consider adopting a resolution to:
1. Amend the County of Monterey Administrative Office Fiscal Year 2025-26 Adopted Budget (001-1050-8039-CAO014, Other General Expenditures) to increase appropriations by $30,000 - financed by a corresponding reduction in 001-1050-8034-CAO020 (Contingencies) to support consultant services required for pre-ballot feasibility analysis and public engagement (4/5ths vote required); and
2. Authorize and direct the Auditor-Controller and County Administrative Office to inc...
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