FV Newsletter

Mar 24

[ARCHIVED] Measure HH Oversight Committee Update

The original item was published from March 24, 2017 10:35 AM to March 24, 2017 1:42 PM

The City Council completed the interviews for 12 candidates for the Measure HH - Essential City Services Oversight Committee and will approve the 5 committee members at the April 4 City Council Meeting. Once appointment has been approved, the term of each committee member will be done through a lottery.

The 1% sales tax increase will be in effect on April 1, 2017. Businesses typically has 30 days after the end of a quarter to report to the State Board of Equalization; therefore, the City will receive its first 1% sales tax revenue from Measure HH in September 2017. Measure HH - Essential City Services revenues will allow the City to maintain and restore prior level of services in Fiscal Year 2017-18.

Committee Purpose: The purpose of the Measure HH Oversight Committee will be to review, at a policy level, the City’s annual audited financial statement; mid-year budget report and proposed annual general fund operating budget in regards to the receipt and expenditure of the fiscal year’s one-cent transactions and use (sales) tax (Measure HH – Essential City Services) revenue in relation to the City’s adopted “Responsible Spending Pledge”. The committee will communicate its findings to the public and the City Council twice a year for the first three years then annually.

Committee Composition: The Committee shall consist of five members, at least one member must actively represent the business community representing a business located within Fountain Valley; at least one member must be an active senior resident (age 65 or older); at least one member must have voted for Measure HH; at least one member must have voted against Measure HH; the fifth member will be a community member at-large; and one alternate. All members must be at least 18 years of age and reside within the State of California and be residents of the City of Fountain Valley. All members shall be registered voters.