Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Capitola staff brief council on Measure Y receipts and community questions about spending and transparency
Summary
City staff reported early Measure Y receipts track close to budget but rising CalPERS UAL and salary adjustments have complicated expectations; council and residents urged clearer midyear reporting and options for designating projects funded from the general fund.
City finance staff updated the Capitola City Council Feb. 12 on Measure Y, the 0.5% local sales tax approved by voters in 2024, and answered questions about how the revenues are being used.
Finance Director Jim said Measure Y replaced Measure F, became effective April 1, 2025 and is projected to generate approximately $2.2 million annually for the general fund. The August 2024 forecasts presented to voters showed a budget gap without Measure Y; subsequent CalPERS actuarial updates increased the city’s unfunded accrued liability (UAL) and added approximately $756,000…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
