TO: HONORABLE MAYOR AND MEMBERS OF THE TRANSACTION AND USE TAX OVERSIGHT COMMITTEE
FROM: Javier Carcamo, Finance Director
PREPARED BY: Javier Carcamo, Finance Director
SUBJECT:
title
Transaction and Use Tax (Measure T) Budget to Actual Report for FY 2023/24
end
title
end
RECOMMENDATION
recommendation
Receive and file.
body
PRIOR ACTION/VOTE
On July 17, 2018, the City Council adopted Resolution No. 18-3953, proposing an ordinance enacting a transaction and use tax be placed on the November 6, 2018 ballot (Vote 5-0).1
On December 18, 2018, the City Council adopted a Resolution declaring the results of the November 6, 2018, General Election, including therein adoption of Ordinance No. 540-18 enacting a Transaction and Use Tax (Vote 5-0).2
On February 5, 2019, the City Council adopted a Resolution establishing an advisory Transaction and Use Tax Citizens Oversight Committee (Vote 5-0).3
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
BACKGROUND
Measure T, approved by Murrieta voters in November 2018, is a general-purpose tax revenue source that supports the City's operations, including emergency services such as police, fire, and paramedics; street maintenance and improvements; parks and recreation; maintenance of public facilities, such as graffiti removal; and other expenses that support Murrieta quality of life in Murrieta. The FY 2023/24 Measure T Budget to Actual report is attached to this report (Attachment 1).
The Transaction and Use Tax Citizens Oversight Committee provides oversight of Measure T district sales tax revenues and expenses. This Measure T Oversight Report covers the fiscal year (FY) from July 1, 2023, through June 30, 2024. During the March 28, 2024, meeting, the Citizens Oversight Committee received and filed a budget to actual reports fo...
Click here for full text