Measure N framed as 10-year one-time stabilization; staff plans glide path to reduce reliance
Staff told the council Measure N, the 1% transactions-and-use tax approved Nov. 5, 2024, will be used as a time-limited stabilization source; staff projects $14.8 million for FY26 in the most recent estimate and plans to reduce reliance over the 10-year term.
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City staff told the council that Measure N, the 1% transactions-and-use tax voters approved Nov. 5, 2024, will provide a limited, 10-year source of one-time funds that the city plans to use to stabilize operations while it pursues ongoing revenue and expenditure solutions.
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