Measure S oversight committee reports early receipts appear to meet or exceed estimates

Greg Franklin, speaking for the Measure S Oversight Committee, told the council on Jan. 26 the committee met three times since the measure’s passage and that the committee’s role is advisory: to review expenditures and advise the council that proceeds are spent consistent with voter intent. Franklin said the city’s budget included a $6 million revenue estimate tied to Measure S and that earlier sales tax data from the state included errors that were corrected by later reports.

Franklin said the committee now has more accurate data and that the first quarter with solid data indicates Measure S proceeds could exceed prior normal sales tax levels by roughly 50–60 percent and may add an estimated $2–3 million annually compared with prior projections. He noted it is still early to assert a trend but called the initial findings "good news." The committee will continue quarterly reviews in coordination with the city’s sales‑tax consultant and report back as appropriate.

What happens next: Staff will provide more detailed revenue reports as part of the strategic planning and budget cycle and the oversight committee will continue quarterly monitoring.