Measure I Oversight Board Issues First Annual Report
The five-member Measure I Citizens’ Oversight Board, comprised of Chairman Philip Massey, Vice Chairman Lee Olsen, and Boardmembers Changhai Ahn, Hal Malkin and David Morfin, recently presented its first Measure I Annual Report to the City Council at the September 9 Study Session meeting. The Oversight Board has been meeting since last summer to review revenues and expenditures related to Measure I, the City’s 1 percent transactions and use tax.
The Board has undertaken a comprehensive review of financial reports and ledgers detailing the revenues and expenditures of Measure I funds for the period of April 2013 through June 2014. During the reporting period, a total of $5,981,129 in Measure I payments from the State Board of Equalization (BOE) has been received by the City. Additionally, $147,800 has been used for engineering and design work, including the preparation of plans and specifications for Phase 1 of the City’s neighborhood street rehabilitation projects.
The Oversight Board also received progress updates on the City’s robust slate of capital improvement projects.
“The Measure I Oversight Board has prepared its first annual report and looks forward to providing its findings to the community,” says Vice Chairman Lee Olsen who presented the information to the City Council. “The Oversight Board has verified that the Measure I funds used during the April 2013 through June 2014 reporting period have been for neighborhood infrastructure improvement projects in the community.”
Measure I revenues have reached the point where there is sufficient funding to begin necessary neighborhood street rehabilitation projects. Residents living north of Imperial Highway will soon see work begin on the streets in their neighborhoods. In the spring, some neighborhoods south of Rosecrans Avenue will see similar improvements.
The Oversight Board will continue monitoring the activity throughout the lifetime of Measure I.
Click here to view the Measure I Annual Report. The report will also be placed in the upcoming issue of the City’s newsletter.