Would authorize a "special sales tax” on the sale and/or use of all tangible personal property sold at retail stores in the City and on-line sellers, at the rate of one cent for every dollar spent (1%). The revenue would remain in Folsom and be deposited into a special City account separate from the general fund for the City to be used only for the specific purposes of Police and Crime Reduction, Fire, Rescue, and Emergency Medical Services, Parks, Recreation Facilities and Trails, Traffic Mitigation and Environmental Water Quality, Community Enhancement and Economic Development, and Major Capital Improvement Projects. Measure G requires a simple majority vote in order to pass.
Fiscal Impact: Measure G would increase sales tax, bringing Folsom's sales tax rate to 8.75%, consistent with or better than neighboring cities such as Rancho Cordova (8.75%), Sacramento (8.75%), Elk Grove (8.75%) and Galt (9.25%). A significant portion of the funds generated by this increase, approximately 40%, would be paid for by visitors, not the residents of the City of Folsom.
Next Sacramento County Measure: Measure L