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Franchise Fees <br />Pros <br />Cons <br />• <br />Taxes non - profits <br />• Taxes non - profits <br />• <br />No assessments <br />• Not tax deductible <br />• <br />Subject to referendum <br />(accountable) <br />• Inequality (e.g. not everyone <br />has all utilities and some <br />have multiple meters) <br />• <br />Dedicated, restricted <br />source of funds <br />• Regressive tax <br />• <br />Predictable /even fee <br />• Subject to referendum <br />(Reliability) <br />• Same impact as tax <br />• Not as transparent as <br />property tax <br />• Commercial fee not <br />proportioned to traffic <br />Solutions <br />■ Higher commercial rate <br />■ Limits within Charter re franchise fees <br />■ Charge only for electric utility <br />■ Current charter proposed <br />■ Franchise fee reporting requirements <br />