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Measure BP fund balance $8.89 million; committee hears finance update and approves minutes 6‑0
Summary
City staff reported Measure BP has generated about $12 million since inception, with $3.99 million committed or spent and a projected fund balance of roughly $8.89 million as of Jan. 31, 2025; the committee approved November minutes 6‑0.
City staff told the Baldwin Park Stakeholders Oversight Committee on Monday that Measure BP sales‑tax receipts total about $12 million since the measure's inception and that the fund carried a projected balance of about $8.89 million as of Jan. 31, 2025.
Finance staff reported January 2025 receipts of about $583,298 and said the fund had accrued more than $122,000 in interest in 2024. "With all of that, we have committed about $3,987,819 for 11 programs and projects for the community," staff said, adding that about $169,600 has been spent so far.
The nut graf: the…
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