Measure V would add Chapter 3.15 to the Vacaville Municipal Code, authorizing the City to impose a new transactions and use tax, commonly referred to as a "sales tax", of one percent (1%) on the sale and use of tangible personal property within the City, raising the combined sales tax rate to 9.125% This funding would contribute to maintaining the City's financial stability and essential services-including 911 emergency response; fire and ambulance protection; crime prevention; parks and recreation; safe public spaces; supporting local businesses; repairing streets; and other general City services.
Measure V requires approval by a majority of voters voting on the measure to pass.
Fiscal Impact: If approved Measure V is expected to total $28 million annually and would be collected and retained entirely by the City and would not be subject to reallocation by the county, state, or federal government.