Title
City Auditor's Fiscal Year (FY) 2023/2024 Audited Cannabis Business Operations Tax Amount for the Sacramento Children's Fund
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FileID
File ID: 2025-00564
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Location
Location: Citywide
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Recommendation
Recommendation: Review, comment, and provide direction.
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Contact
Contact: Farishta Ahrary, City Auditor, (916) 808-7266, fahrary@cityofsacramento.org; Jordan Sweeney, Principal Fiscal Policy Analyst, (916) 808-2310, jpsweeney@cityofsacramento.org; Office of the City Auditor
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Presenter
Presenter: Farishta Ahrary, City Auditor, (916) 808-7266, fahrary@cityofsacramento.org; Jordan Sweeney, Principal Fiscal Policy Analyst, (916) 808-2310, jpsweeney@cityofsacramento.org; Office of the City Auditor
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Attachments
Attachments:
1-Description/Analysis
2-City Auditor's Fiscal Year 2023/2024 Audited Cannabis Business Operations Tax Amount for the Sacramento Children's Fund
3-Presentation
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Description/Analysis
IssueDetail
Issue Detail: This report documents the City Auditor's FY2023/2024 Audited Cannabis Business Operations Tax Amount for the Sacramento Children's Fund.
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PolicyConsiderations
Policy Considerations: The Sacramento Children and Youth Health and Safety Act, also known as Measure L, was passed by voters in November 2022. Measure L amended the Sacramento City Charter, adding Section 120 - Sacramento Children's Fund. The section outlines the establishment and operations of the "Sacramento Children's Fund" in the City of Sacramento.
In subsection (c) and paragraph (2) of the Sacramento Children's Fund, the City Auditor is directed to publish an audited amount of Cannabis Business Operations Tax (CBOT) for the prior fiscal year by January 15 of each year. This report documents the City Auditor's FY2023/2024 Audited Cannabis Business Operations Tax Amount for the Sacramento Children's Fund.
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EconomicImpacts
Economic Impacts: None.
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EnvironmentalConsiderations
Environmental Considerations:...
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