Fullerton City Council to discuss sales tax and cannabis at its July 7 meeting

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Fullerton City Council to discuss sales tax and cannabis at its July 7 meeting Reports the OC register The City Council is set to discuss both items at its meeting on Tuesday, July 7. Four out of five council members would need to vote in favor of putting the sales tax measure on the November ballot. Officials estimate a 1.25% city sales tax, which would mean a rate of 9% on goods bought in Fullerton when added to current taxes, would generate $25 million annually for the city. Needing to fill in millions of dollars of a deficit that could grow even larger, Fullerton leaders are looking at putting a city sales tax up for voters’ consideration in November and legalizing cannabis manufacturing and dispensaries.

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Needing to fill in millions of dollars of a deficit that could grow even larger, Fullerton leaders are looking at putting a city sales tax up for voters’ consideration in November and legalizing cannabis manufacturing and dispensaries. Reports the OC register

The City Council is set to discuss both items at its meeting on Tuesday, July 7.

Even before the coronavirus pandemic hammered the city’s revenue sources such as sales and hotel taxes, Fullerton officials had said they need more money in the budget, especially to fix streets that are considered among the worst in Orange County. Fullerton has about $150 million worth...

Read the full article @ Cannabis Law Report