Measure I Annual Report
The Measure I Citizens’ Oversight Board presented its Measure I Annual Report to the City Council at the September 13 Study Session meeting. The five-member Board, comprised of Chairman David Morfin, Vice Chairman Philip Massey, and Boardmembers Hal Malkin, Lee Olsen, and Scott Watkins was created to review and report on revenues and expenditures of Measure I, the City’s one percent transactions and use tax.
The Board has reviewed financial reports and other information detailing the revenues and expenditures of Measure I funds for the period of July 2015 through June 2016. During the reporting period, a total of $5,743,911 in Measure I payments has been received by the City. Some, $44,547 was spent on Phase 1 projects, $4,490,349 on Phase 2, and $188,149 on Phase 3 of the City’s neighborhood street rehabilitation projects.
The Oversight Board also received progress updates on the City’s capital improvement projects.
“The Oversight Board has verified that the Measure I funds used during the July 2015 through June 2016 reporting period have been used as intended for the betterment of the City,” says Chairman David Michael Morfin who presented the information to the City Council.
Phases 1 and 2 of Measure I are complete. Phase 3 is expected to begin construction this fall and Phase 4 is currently in the engineering and design process.
The Oversight Board will continue to serve 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.