Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
Commissioners accept Measure Y cannabis tax report showing modest gains and earmarked spending
Loading...
Summary
Finance staff reported Measure Y receipts ended at just over $1 million — about $248,000 higher than projected — and reminded commissioners that Measure Y funds must be allocated by category (police, fire, parks and recreation); the commission voted unanimously to accept the report.
Venus Rodriguez presented the Measure Y (cannabis tax) financial update to the Merced City Commission, saying the city closed the fiscal year with ‘‘a little over $1,000,000’’ in receipts versus an estimate of about $774,000, a positive variance of roughly $248,000.
Rodriguez noted quarter-over-quarter declines in recent periods but called the overall year-end result favorable because expenditures were lower than budgeted. She reminded commissioners that Measure Y dollars must be spent in designated categories and tracked in separate funds: ‘‘cannabis tax has to be spent very specifically, 20% to police, 20% to fire, 20% to parks and recreation,’’ Rodriguez said.
Rodriguez also flagged upcoming midyear requests that will come to council in March: two requests from fire totaling $60,000 for replacement AEDs and a police request for software subscription funding that had been omitted from the original budget and is being corrected.
A motion to accept the Measure Y report was made and seconded; the chair called the vote and the motion passed unanimously. The approved report will be forwarded to council for any midyear budget actions.
