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Page 5 of 5 <br /> <br />FISCAL IMPACT <br />It is estimated that the measure will cost approximately $243,265 to $340,445 as part of the <br />consolidated general municipal election, which will be allocated to the FY 2026/27 elections <br />budget. If the measure is approved by voters, the estimated annual revenue impact would be <br />approximately $1.4 million beginning in FY 2027/28 (10 percent rate) and approximately $2.8 <br />million beginning in FY 2028/29 (12 percent rate), based on current TOT collections and <br />assuming stable hotel occupancy. <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br /> <br />Aarón Zavala, Assistant to <br />the City Manager <br />Alexa Jeffress, Assistant City Manager <br /> <br />Joe Calabrigo, Interim <br />City Manager <br /> <br />Attachments: <br />1. Resolution - Measure and Arguments <br />2. Ordinance - Measure <br />3. Presentation <br /> <br />Page 137 of 214