Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisor
From: Michael P. Callagy, County Manager
Subject: Fiscal Year 2021-23 Budget for Measure K Funds
RECOMMENDATION:
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Measure K: Study Session II regarding the budget for Measure K revenue and approve the Measure K budget for the upcoming Fiscal Year 2021-23 budget cycle.
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BACKGROUND:
Measure K is the half-cent general sales tax initially approved by San Mateo County voters in November 2012 (then known as Measure A) and extended in November 2016 for a total of thirty years. The County's website (https://cmo.smcgov.org/measurea) details the projects funded by Measure K.
On September 29, 2020, the Board adopted the County's FY 2020-21 budget, which included $78.9 million in Measure K revenue. The $78.9 million in Measure K revenue reflected a reduction of $15.65 million from the estimated budget due to the anticipated economic effects of the COVID-19 pandemic. The specific reductions were as follows:
* Pescadero Fire Station $6,000,000
* Fire Engine Replacement Fund $1,500,000
* Affordable Housing Fund $5,000,000
* District-Discretionary Funds $2,000,000
* COLA $1,150,000
$15,650,000
In preparation for the upcoming Fiscal Year (FY) 2021-23 budget cycle, the Board of Supervisors ("Board") ad-hoc subcommittee, consisting of Supervisor Pine and Supervisor Canepa, worked with staff to review anticipated Measure K revenue for FYs 2021-23 and to plan a study session for the full Board to consider options for Measure K priorities.
On March 9, 2021, the Board conducted its first study session regarding Measure K priorities. The County Manager informed the Board that the anticipated Measure K revenue for FY 2021-22 was $92 million, leaving $13 million in revenue that was not already allocated to ongoing initiatives available for Board priorities in FYs 2021-23. At this meeting, the Board members made recommendations rega...
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