ITEM TITLE:
Consider approving a Resolution repealing and replacing Resolution No. 2024-114 specifying the administrative intent of the Mayor and Council of the City of Lawton, Oklahoma with regard to a proposed extension of the term of the existing excise tax of two and one-eighth percent (2.125%), said extension to be considered by the registered voters of the City of Lawton, Oklahoma at an election held for such purpose on August 27, 2024, such two and one-eighth percent (2.125%) sales tax that combined and replaced the existing seven-eighths of one percent (7/8%) capital improvement/operational expenditure sales tax and the one and one-quarter percent (1.25%) capital improvement sales tax as approved by the registered voters of the City of Lawton, Oklahoma at an election held for such purpose on February 11, 2020; providing this Resolution shall become effective upon the passage of Ordinance No. 2024-__ at an election to be held on August 27, 2024.
INITIATOR: Mayor and City Council
STAFF INFORMATION SOURCE: John Ratliff - City Manager; Kristin Huntley - Interim Finance Director; Timothy Wilson - Deputy City Attorney
BACKGROUND: Over the course of a series of meetings, the Mayor and Council have discussed at length, among themselves and with citizens attending the meetings, a 2024 sales tax proposition to be presented to Lawton voters in 2024. The election date for the sales tax proposition in 2024 will be August 27, 2024. The election documents necessary to call and hold the election on that date must be filed with the Comanche County Election Board on or before June 12, 2024. The proposition, if approved, does not increase Lawton sales taxes but extends the existing two and one-eighth percent (2.125%) excise tax from terminating on December 31, 2034 to a new termination date of December 31, 2040 with the exception of one percent (1%) of the excise tax to be permanent for an indefinite period, effective October 1, 2024, and will be in addition to othe...
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