FV Newsletter

Oct 28

[ARCHIVED] Measure HH Oversight Committee Meeting on November 7th

The original item was published from October 28, 2019 10:58 AM to October 28, 2019 2:19 PM

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Join us on Thursday, November 7 at 5 p.m. at City Hall as the Measure HH Oversight Committee reviews the use of Measure HH revenues received for Fiscal Year 2018/19. Measure HH revenue amounted to approximately $13.3 million and has been used in accordance with the Responsible Spending Pledge.

$1.2 million was used to fund essential city services such as public safety and senior and youth programs. $680,451 was used to fund capital improvements including residential road rehabilitation and park improvements to Harper Park and Allan Park. An additional payment of $2 million was made to CalPERS consistent with the City’s 20-Year Financial Plan where the goal is to pay-off all debt by 2037 when Measure HH sunsets. $9.4 million (71% of Measure HH revenue) was set-aside for reserves.