Home
Clerk
>
Elections
>
2016
>
November 8, 2016 - Measure Z
>
Impartial Analysis_Measure Z
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/22/2023 12:07:17 PM
Creation date
6/22/2023 12:07:14 PM
Metadata
Fields
Template:
General
General - Type
Agendas
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
Page 1 of 1
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
AUG 19 2016 <br />Measure Z — The City of Riverside's Sales Tax Measure City of Riverside <br />City Attorney's Impartial Analysis City Clerk's Office <br />Measure Z is a ballot measure that, if approved by a majority of voters, would amend the Riverside <br />Municipal Code to enact an increase of one percent (1%) to the transactions and use tax. The <br />Measure, placed on the ballot by the City Council, is a "general" tax, which means that the City of <br />Riverside may use the tax revenues for any governmental purpose (for example, repairs of streets, <br />potholes, and infrastructure, as well as maintaining the City's long-term financial stability). <br />Although Measure Z is entitled "transactions and use tax" it is commonly referred to as a sales tax. <br />With some exceptions, transactions and use tax is levied on the sale or use of tangible personal <br />property sold at retail. Retailers collect the tax at the time of sale and remit the funds to the State <br />Board of Equalization, which administers the tax, including transmitting payment to the City. <br />Currently, the total retail sales tax in Riverside City is 8% of the purchase price. The revenue <br />generated by this tax is allocated to the State, Riverside County, and the City. Of the 8%, the State <br />receives 6.25%, the County of Riverside receives .75% and the City receives I%. <br />All of the proceeds of the tax increase proposed in Measure Z would go only to the City to be <br />placed into the general fund, and would not go to the State or County. <br />A "yes" vote is a vote to approve a one percent (1%) increase in transactions and use tax. <br />A "no" vote is a vote against the increase in transactions and use tax. <br />If approved, the transaction and use tax increase will take effect on April 1, 2017, and the City will <br />begin receiving revenues in July, 2017. <br />The above statement is an impartial analysis of Measure Z. For more information, please visit the <br />City's website at www.riversidecajaov or contact the City Clerk at 951-826-5557. <br />Gary G. Geuss <br />City Attorney <br />
The URL can be used to link to this page
Your browser does not support the video tag.