What if Measure U Doesn’t Pass?
What if Measure U Doesn’t Pass?
September 9, 2024
If Measure U is not approved, the General Fund will not receive the approximately $1.5 million in sales tax revenues anticipated from Measure U. If the City is not able to obtain other new revenues of at least an equal amount from unknown sources, the City Council will then have to decide, as part of the budgeting process, whether to spend reserves or reduce/cut City programs and services. Without revenue increases and/or spending reductions, the City’s current financial projections estimate the City will deplete its reserves in about three years.
On November 21, 2023, the City Council declared a fiscal emergency due to the City’s long-term financial forecast.