Item 4I
Ordinance No. 1112, 1st Reading, Calling a Special Election
Item 4I
Ordinance No. 1112
1st Reading calling a special election
Reduce the CCPD sales and use tax
Create a Type A special purpose district
to fund a community entertainment and recreation center
to promote economic development in the city
Sales Tax for Economic Development
Type A
Levy at one-eighth, one-fourth, three-eighths or one-half of one percent
Managed by a Development Corporation
Uses: create primary jobs; job training classes, targeted infrastructure, etc. Also…Type B projects with voter approval.
Chapters 501-505, LGC
Proposed Ballot Language
“The decrease of the one-half percent (1/2%) Crime Control and Prevention District sales and use tax to one-eighth percent (1/8%) and the adoption of a sales and use tax for the promotion
and development of new and expanded business enterprises at the rate of three-eighths percent (3/8%) to be used for projects authorized by Chapters 504 and 505 of the Texas Local Government
Code, including specifically a community entertainment and recreational center and land, buildings, equipment, facilities, or improvements that provide new or expanded business enterprises
that create or retain primary jobs as authorized by Section 505.155 of the Texas Local Government Code, including maintenance and operation costs of an authorized project.”
.
May 2015 Special Election
Yes Vote =
Reduce CCPD tax to 1/8%
Repurpose 3/8% Sales Tax to Type A sales tax
Build Phase II and operate community recreation center
No Vote =
CCPD tax remains at 1/2%
Pursue other options for Phase II construction
Questions? Ben Thatcher: 817-748-8005
The State of Texas allows municipalities to charge a 2% (2¢) Sales Tax.
Southlake currently collects 2% sales tax
1 % goes to General Fund
½ % goes to Crime Control & Prevention District (CCPD)
½ % goes to Southlake Parks Development Corporation
Proposed repurposing of existing tax
No additional taxes
Voter approval needed