News Update!!!: More Information on the Ballot Measure Proposal to Tax Marijuana Businesses.

Needles, CA: The Needles City Council will be discussing at Tuesday’s Needles City Council Meeting will be discussing a ballot measure proposal to tax marijuana businesses and the Special Municipal Election to be held on June 5th, 2012 Primary.

This item will be on the agenda at Tuesday’s Needles City Council Meeting starting at 6pm PT at the Needles City Council Chamber on J Street at Bailey Ave in Needles, California.

ZachNews has posted more information on this item regarding the Ballot Measure Proposal to Tax Marijuana Businesses.
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* Item #15: Discussion to adopt Resolution No. 2012-3 calling and giving notice of, on its own motion, the submission to the electors of the City of Needles, at a Special Municipal Election to be held on June 5th, 2012 Primary, a ballot measure proposal to tax marijuana businesses.

More Information at:

http://www.cityofneedles.com/2012_WEBSITE_POSTING/City_Council/February/cc_02-14-12-15.pdf

– Background Information:

Request for council’s consideration to call a special municipal election on June 5th, 2012 (Primary) consolidating with the county of San Bernardino to place a marijuana business tax measure on the ballot. The estimated cost to call a special election would be $3,000 however the cost may be significantly higher or sometimes lower than the estimate provided by the Registrar of Voters. If the city were to place this measure at our regular November 2012 election the estimated cost would be $700 to $1,000.

– Fiscal Impact:

Estimated cost to General Fund $3,000.

According to the Marijuana Business Tax Ballot Item on the Tuesday’s Needles City Council Agenda, the Marijuana Business Tax Ballot reads,

“In order to provide funding for essential City services such as police, fire, emergency response, street maintenance, pothole repair, parks, libraries and youth and senior programs, shall an ordinance be adopted to impose a tax at a rate of up to 10% of gross receipts on marijuana businesses in Needles, subject to existing independent financial audits, with all revenue controlled by the City?”

ZachNews will be collecting more information during tonight’s Needles City Council Meeting on ZachNews. Stay Tuned.
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** ZachNews will have the videos of the Needles City Council Meeting being held on Tuesday, February 14th, 2012 at ZachNews on YouTube. **

ZachNews on YouTube: http://www.youtube.com/user/TheZachNews

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