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<br />Background <br />On November 4, 2014, Measure HH half cent sales tax was approved by 65% of voters. <br />The ballot language assured voters that Measure HH receipts expire March 31, 2045, are <br />subject to annual audits, and are reviewed by a citizens oversight committee. <br /> <br />On July 6, 2015, the City Council passed a resolution authorizing the creation of the <br />Measure HH Citizens Oversight Committee. City Council defines the scope of <br />responsibility and duties of the Oversight Committee to include developing an annual <br />report on the following: <br /> <br />• Amounts of Transaction and Use Tax revenue generated by Measure HH • Use of the tax revenue and the impact on the City operating budget including a <br />statement on the impact of the revenue in reducing the amount of cuts resulting <br />from addressing the budget shortfall <br />• Statement of expenditures funded by Measure HH revenues <br />• Impacts of Measure HH on local business competitiveness and the collection of <br />• Sales Tax revenues <br />• Measure HH public information and transparency efforts <br />• Participation in developing a revenue sustainability plan and strategy <br /> <br />During FY 2016-17, the City accrued three months of sales tax data related to Measure <br />HH. These data are provided by the State Board of Equalization, which are typically at <br />least three months in arrears. <br /> <br />The Measure HH Oversight Committee held its first meeting on September 29, 2015, made <br />several recommendations and discussed its annual report. City staff supported the work of <br />the Committee by producing financial information and community priorities supporting the <br />need for Measure HH. Audits have produced clean, unqualified opinions from the City’s <br />Certified Public Accountants, an independent auditor. These audits and budgets adopted <br />by City Council received awards from the Government Finance <br />Officers Association. The audit for fiscal year FY 2014-15 is currently underway and not <br />expected to conclude until January 2017. <br /> <br />The City receives 1.5 cents of the 9.75 cents per dollar sales tax. The State reduced the <br />sales tax by 0.25% due to the expiration of Proposition 30 at the end of 2016. The current <br />allocation of the 9.75 cents sales tax is as follows: <br />128