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San Rafael finance subcommittee outlines options to close multi-year shortfall, eyes June library renewal
Summary
At a finance subcommittee meeting, staff presented $7.5–8 million in preliminary needs and recommended pursuing a June 2026 renewal of the library parcel tax (about $1.2M/year), exploring a 0.2% property transfer tax for November 2026, and testing a stormwater fee under Prop 218 while launching polling and a January review timeline.
SAN RAFAEL — At a meeting of the San Rafael finance subcommittee, staff and committee members reviewed options to address projected multi-year budget shortfalls and sketched a compressed timeline for potential ballot measures in 2026.
Staff presented a preliminary back-of-envelope estimate for the package of needs at “around 7 and a half, $8,000,000,” and emphasized that some items still lack detailed estimates, Speaker 4 said. The group discussed both capital-related impact-fee changes and separate “service level” costs that typically are not covered by developer impact fees.
The meeting flagged an immediate deadline: the city’s library parcel tax, which “currently generates 1 point $2,000,000 a year in support of library operations” was described by staff as set to expire in June; staff said that absent council action the revenue would not carry forward into 2026–27. Speaker 1 framed the renewal as…
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