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File #: 23-348    Version: 1 Name: CC - FAC Measures C & CC (FY22 Q3) and Real Property Transfer Tax (FY22 Q4) Status Reports
Type: Minute Order Status: Consent Agenda
File created: 10/20/2022 In control: City Council Meeting Agenda
On agenda: 11/14/2022 Final action:
Title: CC - CONSENT ITEM: Receipt and Filing of Measure CC and Measure C Sales Tax Status Reports (FY2021/2022, Third Quarter) and Real Property Transfer Tax Status Report (FY2021/2022, Fourth Quarter) as Approved by the Finance Advisory Committee
Attachments: 1. 2022_11_14 - ATT1 - Measure C Status Report - XII, 2. 2022_11_14 - ATT2 - Measure CC Status Report - XXXIII, 3. 2022_11_14 - ATT3 - Real Property Transfer Tax Status Report - IV
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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CC - CONSENT ITEM: Receipt and Filing of Measure CC and Measure C Sales Tax Status Reports (FY2021/2022, Third Quarter) and Real Property Transfer Tax Status Report (FY2021/2022, Fourth Quarter) as Approved by the Finance Advisory Committee

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Meeting Date: November 14, 2022

Contact Person/Dept.: Lisa Soghor/Finance Department

Phone Number: (310) 253-5865

Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]

Attachments: Yes [X] No []

Public Notification: (E-Mail) Meetings and Agendas - City Council (11/09/2022); (Email) Meetings and Agendas - Fiscal and Budget Issues (11/09/2022)

Departmental Approval: Lisa Soghor, Chief Financial Officer (11/02/2022)
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RECOMMENDATION

Staff recommends the City Council receive and file the attached Measure CC and Measure C Sales Tax Status Reports (FY2021/2022, Third Quarter) and Real Property Transfer Tax Status Report (FY2021/2022, Fourth Quarter), as approved by the Finance Advisory Committee (FAC) on October 12, 2022.


BACKGROUND/DISCUSSION

In November 2012, Culver City residents voted in support of Measure Y, a half cent transaction and use tax to maintain critical City services for the next 10 years. In March 2020, Culver City residents voted in support of ballot Measure CC, the continuation of the half cent tax through 2033. Measure Y is now referred to as Measure CC. Item 2 on the FAC Work Plan is to "Continue to provide quarterly reports to the City Council on Measure CC proceeds."

In November 2018, voters passed a quarter cent local transaction and use tax under Measure C to maintain the current level of public safety services, community programs, infrastructure maintenance, and other City services funded through the City's General Fund . Measure C collections began in April 2019 and will remain in effect until ended by voters. The ballot measure included the stipulation that, if passed, the FAC would pr...

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