Council - Regular Meeting

Why doesn't the city just cancel the GRT and take the funding from its massive budget? Well, the city is not able to cancel GRT. So, GRT is a state sales tax and [music] we only receive a small portion of that. The city also earns some revenue through property taxes and some other various revenue sources. And just like your household budget, [music] we have to manage our income with all of our commitments, [music]

our wants, and our needs. And once we balance those out, that funding isn't as massive as you might think when it starts. Now, one of the advantages of this small GRT increase is that it was dedicated specifically to capital improvements in public [music] safety, streets, parks, and for critical infrastructure. And so, going forward, at no point will we be able to move those funds somewhere else because that is not what the voters directed. And so, this will give us a very specific maintenance and facilities budget long into the future.