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Reso 2014-101
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Reso 2014-101
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Last modified
6/5/2019 10:50:28 AM
Creation date
9/17/2014 1:57:57 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
9/15/2014
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8J Consent 2014 0915
(Reference)
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\City Clerk\City Council\Agenda Packets\2014\Packet 2014 0915
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• Statement of expenditures funded by Measure Z revenues <br />• Impacts of Measure Z on local business competitiveness and the collection of <br />Sales Tax revenues <br />• Measure Z public information and transparency efforts <br />• Participation in developing a revenue sustainability plan and strategy <br />On December 3, 2012, City Council approved the five member Committee consisting of <br />City leaders chosen from commercial and non-profit organizations. <br />During Fiscal Year 12-13, the City received its first full year of sales tax data related to <br />Measure Z. These data are provided by the State Board of Equalization, which are <br />typically six months in arrears. <br />The Measure Z Oversight Committee held several meetings, made several <br />recommendations and submitted its annual report. City staff supported the work of the <br />Committee by producing audited financial statements for each year that Measure Z <br />taxes were collected. These audits produced clean, unqualified opinions from the City's <br />Certified Public Accountants, independent auditor. These audits and budgets adopted <br />by City Council received awards from the Government Finance Officers Association. <br />On September 16, 2013, the City Council approved the Measure Z Annual Report. <br />The City receives 1.25 cents of the 9.25 cents per dollar sales tax. It is possible that the <br />County's November 2014 sales tax (Measure B) will pass, which would increase the <br />City's sales tax rate to as much as 10%. The current allocation of the 9.25 cents sales <br />tax is as follows: <br />AGENCY <br />% <br />State of California <br />5.50% <br />State Public Safety Fund (Proposition 172) <br />0.50% <br />State Public Education Fund (Proposition 30) <br />0.25% <br />Alameda County <br />0.25% <br />Alameda County Transportation Commission <br />0.50% <br />Alameda County Essential Health Care Services <br />0.50% <br />Alameda County BART <br />0.50% <br />City of San Leandro (includes .25% Triple Flip backfill) <br />1.00% <br />City of San Leandro Temporary Transaction and Use Tax <br />0.25% <br />Total Sales Tax in San Leandro <br />9.25% <br />
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