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Recommendation to receive and file an update on Fiscal Year 2018 Measure A expenditures and revenues, and confirm that the actual Measure A FY 18 expenditures conform with the intent of Resolution No. RES-16-0018 prioritizing spending on public safety and infrastructure and with the language contained in the ballot measure expressed in Resolution No. RES-16-0017.
DISCUSSION
Pursuant to the June 7, 2016 Measure A ballot initiative, on January 1, 2017, businesses
in the City of Long Beach began to collect an additional one percent in sales tax on all
tangible personal property sold at retail in the City. As part of the FY 18 Adopted Budget,
the City Council committed $47,698,200 in anticipated FY 18 Measure A revenues to fund
priority public safety maintenance and restorations, as well as capital improvement
projects to help rebuild Long Beach’s infrastructure projects, and to fund the Measure B
contribution and administration of the Measure A tax. The FY 18 budget was adjusted on
March 13, 2018 by $3.1 million to mitigate cost over runs in previously approved projects,
offset by surplus Measure A revenue from FY 17. The FY 18 budget was adjusted again
on May 22, 2018 by 1.0 million for additional parks projects, offset by higher than
projected Measure A revenues in FY 18. Projects receiving funding through budget
adjustments are denoted in Attachment A. The Citizens’ Advisory Committee (CAC)
reviewed the original and adjusted Measure A spending plan at previous meetings. This
report provides details of actual revenue received and expenditures incurred as of May
31, 2017.
As of May 31, 2018, Measure A revenues for the year were $39.1 million, and it is
anticipated that revenues at year end will be $53.1 million, or $5.4 million more than
originally budgeted. Of the $5.4 million suplus, $1.0 million was budgeted on May 22,
2018 for parks projects. The recommended uses of the remaining anticipated surplus,
along with other unallocated Measure A revenue throug...
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