Measure J sales tax receipts up ~9% year‑to‑date; commission hears spending and forecast plans
Loading...
Summary
Staff reported year‑to‑date Measure J sales tax receipts of about $10.4 million, nearly 9% higher than the prior year, and presented expenditures and forecasts including library renovation, Demuth Park work and deferred maintenance; a 10‑year forecast will be presented in April to show debt impacts from the convention center.
Commission staff presented a budget and revenue update on March 19, reporting year‑to‑date Measure J sales tax receipts of about $10.4 million and noting a roughly 9% increase over the prior year. Staff said that, if revenues hold at current levels for the remainder of the year, Measure J receipts would total in the low‑to‑mid $20 million range for the fiscal year.
The presentation itemized current spend and forecasts: a library renovation project, $3.6 million allocated to Demuth Park improvements (drainage, parking, dog parks and restrooms), $650,000 spent so far on pickleball courts, and roughly $8.9 million identified for street repairs in the coming fiscal cycle. Staff also noted transfers including a $250,000 loan to the Public Arts Fund and identified a $1.567 million bond debt service payment related to a 2012 downtown revitalization bond that will largely end around 2034.
Commissioners asked about the time horizon of the financial figures (staff said numbers were through January) and about the $3 million set aside for Fire Station No. 1 design; staff replied that the $3M is reserved for design work and will be used wherever the council decides to site the station. Staff reiterated that they will bring a 10‑year forecast in April to show how convention center debt and other programmatic commitments would affect Measure J balances.
Next steps: staff will return in April with the 10‑year forecast and more detailed numbers for commission review.
