MEASURE K FUND – Voter Approved ½-Cent General Sales Tax
In November 2016, City voters approved a twenty-year ½-cent general sales tax to invest in the on-going maintenance, upgrade, or replacement of the City’s infrastructure. While there is technically no restriction on the use of Measure K funds due to the fact that it is a general sales tax, the City Council and City voters have expressed strong support for the utilization of Measure K funds for the construction and operation of a new City library, as well as the on-going enhancement of City streets, storm drain facilities, and bike/pedestrian facilities. Over the next 2-year budget period, a total of $15,995,062 in Measure K funds are planned to be expended, including $5,930,750 programmed for the City’s Street Resurfacing Program, Storm Drain Improvement Program, and Pedestrian and Bicycle Program. In addition, $10,064,312 in Measure K funds are programmed for the design and initial construction of the new City library and the implementation of the Oak Park Boulevard/Monticello Avenue Roadway Improvements Project (which provides the access roads for the new City library). The City anticipates that there will be approximately $3,712,564 in shortfall between the proposed Measure K expenditure and the anticipated Measure K revenue during the 2-year budget period, which will be addressed with a planned bond measure in the summer of 2019 for the new library project.
Measure K Presentation - FY2018-2023 Capital Improvement Plan