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HomeMy WebLinkAboutBallot Measure PresentationPlacement of 1/2¢ Transaction and Use Tax for Voter Consideration Seal Beach is a Full Service City Fiscal Five-Year & What’s Been Done FORECAST SUMMARY 2025B 2026F 2027F 2028F 2029F TOTAL REVENUES AND SOURCES 43,984,664 44,750,051 46,037,951 47,279,908 48,528,169 TOTAL EXPENDITURES AND USES 43,950,831 46,232,113 48,042,817 49,651,590 51,266,448 NET OVER/(UNDER) 33,833 (1,482,063) (2,004,866) (2,371,682) (2,738,278) $1M in Salary and Benefits Reductions Reduced Public Safety Support Services, Overtime, Equipment Reduced Street Maintenance, Landscape Maintenance Reduced Support Services Across All Departments, Supplies, Training Postponed Critical Infrastructure Maintenance and Repairs Maintaining 911 medical emergency response Maintaining fire response Maintaining police response Protecting local drinking water sources Helping prevent property crimes Keeping public beaches clean Keeping public areas clean and safe Priorities Identified by Residents Maintaining Emergency Services •Residents have indicated emergency medical services are a top priority. So far this year alone, approximately 75 percent of all calls to the Orange County Fire Authority that serves Seal Beach have been related to medical emergencies. •The City must be able to ensure that our city has the needed firefighters and paramedics, and lifesaving equipment to maintain emergency response times and save lives. Maintaining a Safe Community •Community members have indicated it is a top priority to keep our community safe. •Unfortunately, despite the City’s best efforts last year, there were over 700 thefts, burglaries, robberies, and auto thefts in the City of Seal Beach - the highest number in five years. The City must maintain public safety and community policing efforts to keep residents and their property safe. POLICE PROTECTION OC FIRE AUTHORITY CLEAN BEACHES & PARKS Maintaining the Basics The City faces significant financial challenges, giving the City no choice but to make severe cuts in funding for fire and police protection, pothole repairs, park maintenance, water and beach protection and other essential city services if additional funding is not identified. Potential Local Sales Tax Measure •The City Council does not have the authority to establish or raise taxes, only to put a measure on the ballot for voter consideration •All money would stay in Seal Beach to address local needs •By law, no funds could be taken away by the State •Groceries, prescription medicine and other essential items would be excluded from the sales tax measure Recommended Action Placement of a One-Half Cent (1/2¢ ) Transactions (Sales) and Use Tax Measure on the November 5, 2024 General Municipal Election Ballot for Voter Consideration