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Belmont Measure I midyear update: $8 million committed this year; five‑year CIP adds $10 million
Summary
The Measure I advisory committee received an informational midyear briefing on Measure I sales‑tax revenues and the five‑year capital improvement plan, learned that $8 million is committed in the current year and an additional $10 million is planned over five years, and approved committee chair and vice chair in separate votes.
The Belmont City Measure I Advisory Committee on Tuesday received a midyear, informational briefing on Measure I sales‑tax revenues and the city’s five‑year capital improvement plan and selected its chair and vice chair by committee vote.
Director Castaneda told the committee the Measure I sales tax collections have flattened after several years of stronger receipts driven in part by elevated auto sales. The city is projecting only modest growth in the near term, citing a slowdown in the auto and construction sectors.
The presentation showed the Measure I fund has $8,000,000 in committed capital improvement project (CIP) funds through the current fiscal year, with $7,300,000 of that committed to pavement and street projects and $700,000 to storm‑related projects. The committee was shown a five‑year CIP that adds a planned $10,000,000 commitment over the next five years—about $9.3 million toward…
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