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Citizens Oversight Committee says Measure R nearly complete; parcel tax revenue and expenses roughly balanced
Summary
Citizens Oversight Committee presenter Andy Cannon told the board Measure R bond projects are near completion with about $125 million available (including accrued interest) and a retention of roughly $900,000. He also reviewed the parcel tax budget, projecting nearly $800,000 in revenue and expenses just over $800,000 for 2024–25.
The Martinez Unified School District's Measure R bond program is nearing completion and the district's parcel tax continues to fund arts, music and counseling, Citizens Oversight Committee presenter Andy Cannon told the board on Nov. 4.
Cannon summarized the Measure R account as beginning with a $120,000,000 bond and accruing nearly $5,000,000 in interest, producing about $125,000,000 available for projects. He said staff expect to fully spend remaining Measure R funds…
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