1% Sales Tax Explanation

Long-range City Issues:

Revenue sources beyond 2016

Proposition P (Parks  & Storm Water ½% Sales Tax) revenue distribution.

Can Traffic congestion in the Lindbergh-Watson corridor be relieved?

^{2010 Financial Status - 2nd Quarter (partial)}

• Budgeted Fund Sources
• Budget Variances  (Q1)
• 4-Year Capital Improvement Revenue Record  (Q2)
• 3-Year Parks & Storm Water (Prop-P) Revenue Record  (Q2)
• 1^st Quarter Fund Accounts Status  (Q1)
• Expense Budget and Variance  (Q1)

Current Issues:

• Has the recession effected city revenues?  Compare 2009 to 2008!
• General revenue up by 8.6%
• 1% sales tax revenue rose by 9.6% (it is shared among 91 municipalities).
• However, sales tax directly derived from city retail merchants fell 14.2%

• Proposition P Fund Allocations.
  • Aquatic Center (swimming pool)
  • Community Center
  • Storm water projects

• Proposition P Issue:  If membership fees don't cover operating costs, the General Fund will have to make up deficits.  Possibly impacting essential services such as public safety and public works.

• Traffic Accident Hazards - S. Kirkwood Rd between I44 & Watson Rd

Do You Know Where Your Real Property Tax Dollar Goes?