Reso 2013-116 - Laserfiche WebLink

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2 • Statement of expenditures funded by Measure Z revenues • Impacts of Measure Z on local business competitiveness and the collection of Sales Tax revenues • Measure Z public information and transparency efforts • Participation in developing a revenue sustainability plan and strategy On December 3, 2012, City Council approved the five member Committee consisting of City leaders chosen from commercial and non-profit organizations. During Fiscal Year 12-13, the City received its first full year of sales tax data related to Measure Z. These data are provided by the State Board of Equalization, which are typically six months in arrears. Analysis Amounts of Transaction and Use Tax revenue generated by Measure Z The most recent information is available for the year-ended 9/30/12; $4,097,404 Measure Z receipts were received. This represents 5.3% of projected General Fund Revenue for Fiscal Year 2012-13. Use of the tax revenue and the impact on the City operating budget including a statement on the impact of the revenue in reducing the amount of cuts resulting from addressing the budget shortfall The Measure Z revenue is available for any legal expenditure by the City. In the context of public safety, the annual revenue represents about 15.6% of the police department’s Fiscal Year 12-13 budget, which is $25.6 million, and 22% of the fire department budget, which is $18.9 million. Without Measure Z, the sworn police officers totaling 90 could be cut by as much as 14 positions. Similarly, the current staff of 63 firefighters could be cut 14 positions without Measure Z. The ballot also indicated that Measure Z would sustain 9-1-1 emergency response times, neighborhood police patrols, investigation and gang suppression officers, library hours/programs, street and pothole repairs, youth after-school and senior programs, and other general City services. The City preserved funding for these programs and projects due to Measure Z.