MO 2002-046 to 2002-050 - Laserfiche WebLink

Home

Community Recreation Facilities Bond Campaign July 10, 2002 Page 4 3 The Santa Clara Measure A and B Tax Program — In the early 1990's Santa Clara County introduced a new tax election methodology that was originally challenged by anti -tax groups, but has since been upheld by the California Courts. The election proposed a "general tax" (as distinguished from a "special tax") increase as Measure A and a companion Measure B advisory measure whereby the voters directed the Board of Supervisors on how to spend the money. As a "general tax" Measure A required only 50.1 % of yes votes. Measure B was basically a promise by the Board to spend the money in a specified fashion, and, as an advisory measure, it didn't matter what percentage of approval it received. If we were to use the Santa Clara Measure A and B approach, we would suggest putting together a package of taxes so none of the increases would be considered too objectionable. Advantages of the Santa Clara Measure A and B approach is that the resulting new tax funds could be used for maintenance or for capital improvements, and the voters would know exactly what they are getting for their money. The funds could be capitalized at low interest rates through the sale of certificates of participation. Discussion of Project Make -Up for Tax/Assessment Election The City's Five Year Capital Improvement Plan identified 10 possible projects that are candidates to be funded from proceeds of a voter -approved bond issue. These projects were Burrell Field, Swimming Pool Enhancements (Washington Manor Park and Boys and Girls Club were highest priorities of the Aquatics Task Force), Manor Branch Library, a Senior Center, a Youth Center, Mulford Marina Branch Library, South Branch Library and a new EastShore/Davis Branch Library. Two additional projects suggested by the City Council include an expansion of Warden Park and the purchase of open space for future park use. A hypothetical list of improvements and costs could look something like the following: Burrell Field Improvements $2.5 million Washington Manor Park Pool 5.0 million Boys & Girls Pool .8 million Senior Center 7.0 million Open Space Acquisition 4.0 million Total Capital Improvements $19.3 million Required annual taxes to raise $19.3 million = $1.7 million Additionally, we would want to raise some amount (up to $3 million based on the estimate provided by Public Works) annually for enhanced maintenance of City parks and school grounds. S3