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'Memorandum <br />Page 3 <br />September 30, 2002 <br /> <br />NOTE: If the Board does not act upon the ½ cent sales tax at the October 21st meeting for a <br />December 1st implementation, or at the November 18th meeting for a January 1st implementation,. <br />the next available implementation date would be July 1, 2003, with a 90-day' notice to the <br />Department of Revenue required. Thereafter, the V2 cent sales tax could be implemented only on <br />January 1st or July 1st with a 90-day notice to the Department of RevenUe required. <br /> <br />Requested Actions: <br /> <br />Adopt the ½ cent sales tax resolution as provided and authorize the appropriate budget <br />amendments (Attachment E). <br /> <br />(or) <br /> <br />Do not act upon (or reject) the ½ cent sales tax resolution and authorize the appropriate budget <br />amendments (Attachment F). <br /> <br />Once the Board has acted, staffwill take appropriate action to notify affected parties. <br /> <br />FY02 did incur a $1.3 million shortfall based on actions by the Governor to withhold <br />reimbursements due the County. Pending outcome of the litigation between the County and <br />State, that revenue shortfall has been taken accordingly. <br /> <br />Respectfully, <br /> <br />FW'C/shd <br /> <br />Attachments <br /> <br /> <br />