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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br />PROJECT TITLE• <br />X Briefing <br />COUNCIL BILL # <br />An Ordinance Relating to <br />Proposed Action <br />Originating Department <br />Gambling Tax, Amending <br />Consent <br />Contact Person <br />Ordinance 1023-84, <br />X Action <br />Phone Number <br />As Amended, and Repealing <br />First Reading <br />FOR AGENDA OF <br />Ordinances 1201-86 <br />And 2265-98 <br />Second Reading <br />Third Reading <br />Public Hearing <br />Budget Advisory <br />Initialed by: <br />Department Head <br />Administration <br />Council President <br />(.6t9I[-to3 <br />Finance <br />Susy Haugen <br />425-257-8612 <br />November 28, <br />2018 <br />=_4N <br />Location Preceding Action Attachments Department(s) Approval <br />Ordinance Legal <br />-0- <br />Amount Budgeted <br />Expenditure Required <br />-0- <br />Account Number(s): <br />Budget Remaining <br />-0- <br />Additional Required <br />-0- <br />DETAILED SUMMARY STATEMENT: The proposed 2019 Operating Budget includes an assumption <br />for increasing the tax rate on bingo games, raffles, and punch board/pull tabs. The estimated 2019 revenue <br />growth from this tax increase is $60,000. The City's current tax rates on Bingo Games, Raffles, Punch <br />Boards, and Pull Tabs are: <br />-Activity--- <br />_Existing Tax Rate ---- <br />--Bingo Games---- --- — -� <br />3.5%------- -_-- <br />Raffles <br />3.5% <br />Punch Boards/Pull Tabs <br />4.0% <br />This Amending Ordinance sets the tax rate for Bingo Games, Raffles, Punch Boards, and Pull Tabs at the <br />maximum rate of five percent. <br />RECOMMENDATION: Adopt An Ordinance relating to Gambling Tax, Amending Ordinance 1023-84, as <br />Amended, and Repealing Ordinances 1201-86 and 2265-98. <br />21 <br />