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CC 2020-06-23_11a Proposed Revenue Measure 2020_PP PresentationCITY COUNCIL Staff’s Recommendation is : •To direct staff to prepare an action item to place a local transaction and use tax (“sales tax”) measure on the November 2020 ballot. If a 1% increase from 7.75% to 8.75% local sales tax is approved by voters, this will result in… an estimated generation of approximately $4,000,000 annually. The main goals of the proposed sales tax revenue measure are: To fund and implement Capital Projects that directly benefit all citizens, business owners and visitors in the City of Arroyo Grande A Capital Project is a project that helps maintain or improve a City asset/ infrastructure, such as: streets, sidewalks, storm water/drainage systems, parks and open space public buildings To save tax payer money by repairing and maintaining our public infrastructure before conditions require full replacement Revenue from the proposed sales tax measure may also be used to provide small/locally owned business recovery support •Low interest loans or financial support for rent payments, marketing and advertising… •Administration, fund management and reporting by a local bank •Collaboration with SCCC and feedback from business community To ensure accountability and transparency: •Public review by the City Council every five (5) years to determine whether the sales tax is necessary to remain in effect. •Provision requiring the City to publish and distribute an annual report to each household on the revenues and expenditures from the sales tax proceeds. •Since the City has an established Local Sales Tax fund which is tracked separately from the General Fund, it is recommended that funds resulting from a new successful local sales tax measure be accounted for and tracked in this fund. Some consideration points: •It has been 14 years since our last Sales Tax Measure (Measure O-06) New sales tax funding is intended as a long term solution to our infrastructure needs Address differed maintenance costs that are accumulating •Many economists are predicting a W shaped recovery over a 4 year period = recession with recovery, then recession and recovery again •Many others are predicting a 2 to 5 year recession with slow recovery •State is predicting reductions in revenues and demands for reforms •Approximately 40 to 50% of sales tax is paid by visitors to our city •88.3% of cities in the state have a higher tax rate than Arroyo Grande •Morro Bay, Paso Robles and San Luis Obispo are currently considering similar sales tax measures 7.75% to 8.75% •Atascadero’s and Grover Beach’s City Councils approved the placement of a sales tax ballot measure on the November 2020 ballot •Pismo Beach’s Council approved the placement of a ballot measure increasing their TOT/hotel tax on the November 2020 ballot Current Tax Rates in the Region The January 2020 survey the results showed Voters were most interested in using the money to: 1.Maintain local streets and repair potholes 2.Repair and maintain public building,sidewalks an storm drains 3.Maintain parks –Soto Sports Complex,courts,Community Center 4.Fire and Police response service,9-1-1 emergency response 5.Address homelessness 6.Childcare and senior programs This matches the CIP programs that are intended to be funded by this measure: •Annual Street Repairs Program •Annual Concrete (sidewalks)Repairs Program •Maintenance of Parks and Open Space (Fire Hazard and Fuel Suppression) •Maintenance of Storm Water and Drainage Systems •Maintenance of Public Facilities (roof and structural repairs) •Savings plan for a new Recreation/Childcare Center •2017 Infrastructure Assessment –detailed evaluation of the condition of our assets: •Pavement (roads and parking lots) •Sidewalks •Parks & Open Space •Storm water/drainage systems •Public Buildings. The Results of the Assessment: •An additional $2.4 million annually to maintain facilities already owned by and currently serving the community. •And an additional $1.16 million would be needed to keep the Streets PCI at 69-70 in order to avoid significantly costlier maintenance in the future. •Total =over $3.5 million in unfunded annual infrastructure maintenance. 62 overall Potential CIP budget Currently our Street Saver software shows : •65-70% of our City’s streets are in “very good/good” condition •That leaves about 30% of our streets in “poor/very poor“ condition •With about 5% at the point of moving down into the poor condition index. 66 miles of streets -30 to 35% or 23 miles of street in a poor condition -23 miles at a PCI of 45 or lower -Much higher cost to repair versus PCI at around 45+ Price Per S.F. 65-70% 30-35% Estimate of Total Improvements $ 180,000,000 Annual Depreciation / Set-Aside $ 3,023,584 FY 2018-19 Funding $ 1,164,500 Additional Funding Needed $ 1,859,084 Our most valuable asset Extensive Dig outs on Traffic Way and Striping Former PCI at 17, 30 to 50 Now 70 $1,200,000 project Traffic Way and W. Branch (1.5 miles) Walmart In-N-OutWest Branch St. Completed May 15th 2020 Former PCI 43 to 57 Now 71 •Engineering, material and labor costs have increased about 5% each year (over the 14 year period) resulting in smaller streets rehabilitation projects and less sidewalk replacement •Our strategy is to double the “arterial "streets (Halcyon, Elm St. Fair Oaks, Grand Ave, Oak Park) •And add Residential streets at a very poor PCI 20-40 -About 30 residential streets at this PCI level Points to consider: Equestrian Way Equestrian Way PCI 22PCI 11 Virginia and Woodland Woodland Dr. PCI 49 and 37 Estimate of Total Improvements $ 34,912,500 Annual Depreciation / Set-Aside $ 232,750 FY 2018-19 Funding $ 110,000 Additional Funding Needed $ 122,750 Berry Gardens area Halcyon Rd.Huasna Rd. Estimate of Total Improvements $32,161,707 Annual Depreciation / Set-Aside $ 238,107 FY 2018-19 Funding $ 392,500 Additional Funding Needed $ 154,393 Storm drain lining projects •Increase our video evaluations •Proactive rehabilitation our old Corrugated Metal Pipe (CMP) systems •Avoids much more costly critical failures Ex. Oak Park and El Camino Real sinkhole Estimate of Total Improvements $4,881,775 Annual Depreciation / Set-Aside $ 209,907 FY 2018-19 Funding $ 86,000 Additional Funding Needed $ 123,907 Park and Open Space Maintenance •Turf renovations •Irrigation •Hardscape and BBQ pits •Tree trimming •Fire/fuel management around our open spaces Ocean Oaks Condos Priority areas to address –interface between homes and open space vegetation Leisure Gardens Estimate of Total Improvements $4,684,874 Annual Depreciation / Set-Aside $ 121,588 FY 2018-19 Funding $ 0 Additional Funding Needed $ 121,588 City has taken numerous actions to ensure the City’s financial position including: •instituting a postponement of filling vacant positions, •tightening operational costs •freeze travel expenses, and delaying one-time infrastructure improvements and putting other items on hold. The City’s fiscal outlook is relatively stable for the short term and the budget for next year maintains existing a prudent ending reserves in the General Fund to protect the City’s finances during these uncertain economic times. 2005 2020 Staffing Efficiencies Next Steps and Key Dates if Council directs staff to move forward with a sales tax revenue measure: