Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Mid‑year Measure E report: $18.5M budget, receipts tracking slightly ahead of pace
Summary
Finance staff told the oversight committee the Measure E revenue budget is $18.5 million; July–April receipts were 86% overall (88% for transaction tax), the benchmark is 83%, and staff reported $9.3 million in capital carryover and an estimated $8 million to carry into next year.
City finance staff presented the Measure E mid‑fiscal‑year financial report and said the figures are unaudited.
Assistant Finance Director A. Pedrosa said the total Measure E revenue budget is $18,500,000, with transaction‑use‑tax receipts at about 88% and overall receipts at 86% for July through April. "The benchmark for now to 12 months is 83%, so we are coming in just ahead of pace," she said. Pedrosa also reported that Measure E spending citywide is currently at about 87% of the budget before non‑departmental expenditures and transfers.
Pedrosa explained the capital improvement program includes $9.3 million carried over from the prior year and $1,000,000 in new appropriations for projects, producing a remaining balance that staff said will carry forward. "At the end of this year, you can see the remaining balances is 8,000,000. That'll be carried over to the following year," Pedrosa said.
Staff also told the committee that non‑departmental spending (capital projects, debt service, insurance, fleet maintenance and some contract items) currently represents about 29% of the budgeted amount, a percentage skewed by the timing of capital expenditures. Committee members asked whether long‑term debt obligations were aligned with voter intent and requested more detail on obligations' duration and fiscal impacts.
