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Public Notice

05-01-18 CC Public Hearing - Cannabis Tax Ordinance

Posted: Apr 19, 2018

CITY OF TRACY CITY COUNCIL

PUBLIC HEARING

 

            The City of Tracy City Council will conduct a Public Hearing on Tuesday, May 1, 2018, at 7:00 p.m. or as soon after as possible, in the Tracy City Council Chambers, 333 Civic Center Plaza, Tracy, to consider the following:

 

AN ORDINANCE OF THE CITY OF TRACY, ADDING CHAPTER 6.40 “CANNABIS BUSINESS TAX” TO TITLE 6 OF THE TRACY MUNICIPAL CODE TO IMPOSE A TAX ON CANNABIS COMMERCIAL ACTIVITIES TO FUND POLICE AND CODE ENFORCEMENT

            The City Council will be considering an ordinance to impose a cannabis (or marijuana) business tax on cannabis commercial activity in the City of Tracy.  Revenue from the proposed tax would be used to fund police and code enforcement activities.  The proposed ordinance would impose a maximum 15% total tax on all cannabis business activities, with a maximum 6% tax on medical retail sales, subject to CPI increases.  If approved by Council, the proposed ordinance would be placed on the November 2018 election ballot and would only take effect if 67% of the voters approve the tax.  All interested persons are invited to be present and to submit statements orally or in writing before or during the meeting.

 

            Should you decide to challenge the decision of the City Council, you may be limited to those issues that were raised for consideration at the hearing.

 

            The full text of the proposed ordinance is available for review April 26, 2018, in the Finance Department.    Information concerning this matter may be obtained at the Finance Department, 333 Civic Center Plaza, (209) 831-6800, or email, karin.schnaider@cityoftracy.org.

 

ADRIANNE RICHARDSON

City Clerk

 

 

Publish:           April 20, 2018

                        April 27, 2018

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