Revenue Enhancement Services

Enhance Your Financial Stability with Proven Revenue Strategies

Boost Your Financial Stability with R&H Financial Consultants’ Revenue Enhancement Services

Achieving financial stability is a critical goal for any city or special district. At R&H Financial Consulting Services, we assist municipalities and special districts identify and implement new revenue sources to ensure a stable funding stream. Our Revenue Enhancement Services are designed to support your financial goals, enabling you to fund additional staff, wages, benefits of existing employees, operating and maintenance expenses, debt service, street repair projects, revenue shortfalls operating financial deficits and capital improvement projects.

Diversify & Increase Your Revenue Base

Our experienced financial consultants provide comprehensive strategies to help your organization identify and leverage new revenue sources. By diversifying and stabilizing your revenue base, you can ensure sustainable funding for crucial services and projects. Here’s how we can assist you:

Exploring Four Potential Revenue Sources

1. Utility Users Tax

A utility users’ tax is levied on the consumption of utilities such as electricity, gas, water, and telecommunications.  This tax can be an effective way to generate additional revenue for any legitimate government purpose such as parks, street maintenance and public safety. To implement a utility users’ tax or increase an 
existing tax, does require voter approval. 

2. Parcel Tax

With two-thirds voter approval, parcel taxes are allowed in any amount as long as they are not based on property value. They may set based on either a flat rate per parcel or a variable rate depending on the size, use or number of units on the parcel. The amount taxed can also be different depending on the land use parcel. As a “special” tax, they must be levied for a specific service-such as police, fire, emergency medical service, libraries or storm drainage. To implement a parcel tax or increase an existing tax, does require voter approval.

3. Business License Tax

Anyone doing business in the City is required to pay a business license tax. The amount is generally based on gross receipts or flat rate depending on the type of business. Business license tax revenue goes directly into the City’s General Fund and is used for general municipal purposes.  To implement a business license tax or increase an existing tax, does require voter approval. 

4. Transient Occupancy Tax (TOT)

This is a tax on the occupant who resides temporarily  in a dwelling (typically a hotel or motel) for 30 days or less based on the price of the rental. Placing this tax on visitors to the City appropriately recognizes that they receive municipal services and benefit from capital improvements during their stay, and as such, they should share in the cost of providing them. The revenue goes directly into the City’s General Fund and is used for municipal purposes. To implement  a transient occupancy tax (TOT) or increase an existing tax, does require voter approval.

Benefits of Our Revenue Enhancement Services

  • Customized Strategies: We tailor our revenue enhancement strategies to meet the unique needs of your city or special district, ensuring optimal results.
  • Expert Guidance: Our team of experienced financial consultants provides guidance throughout the process, from identification to implementation.
  • Sustainable Funding: By diversifying your revenue sources, we help you establish a stable and sustainable funding stream for essential services and projects.
  • Community Support: We assist in engaging with stakeholders and the community to build support for new revenue initiatives, ensuring successful implementation.
  • Compliance and Transparency: Our services include assisting with compliance and regulatory requirements and promoting transparency in your revenue enhancement efforts.

Why Choose R&H Financial Consultants?

  • Proven Experience: With decades of experience in public finance, our consultants have the expertise to help you identify and implement effective revenue enhancement strategies.
  • Dedication to Excellence: We are committed to delivering high-quality services that exceed your expectations and contribute to your financial success.
  • Personalized Service: We work closely with your organization to understand your specific needs and challenges, providing tailored solutions that deliver results.

Partner with Us for Financial Success

R&H Financial Consultants are dedicated to helping your organization achieve financial stability through professional revenue enhancement services. Our comprehensive approach ensures that you can identify and implement new revenue sources, supporting your financial goals and enabling you to fund essential services and projects.

For more information on how our revenue enhancement services can benefit your organization, please contact us today. Let R&H Financial Consultants be your trusted partner in achieving financial success and operational excellence.