I appreciate staff putting forward a long-term framework rather than treating Measure I as simply 13 years of additional spending. Two questions I hope Council will consider as the strategy is refined:
First, could staff eventually provide a post-Measure I pro forma, such as FY 2040-41, showing which recurring expenditures would remain after the temporary 1% tax expires and what sustainable revenues are expected to support them?
Second, could the expenditure schedule distinguish between one-time capital or liability-reduction investments and recurring operating commitments? That would help clarify which uses of temporary revenue may create post-sunset obligations.
On page 6 of 9, please explain what is meant by “capture new private investment” in the first paragraph.
I appreciate staff putting forward a long-term framework rather than treating Measure I as simply 13 years of additional spending. Two questions I hope Council will consider as the strategy is refined:
First, could staff eventually provide a post-Measure I pro forma, such as FY 2040-41, showing which recurring expenditures would remain after the temporary 1% tax expires and what sustainable revenues are expected to support them?
Second, could the expenditure schedule distinguish between one-time capital or liability-reduction investments and recurring operating commitments? That would help clarify which uses of temporary revenue may create post-sunset obligations.
Thank you for the thoughtful long-term approach.