Agenda Date: 06/09/2026
Subject:
Title
Capital Improvement Sales Tax Board Update
Body
From:
James L. Becklenberg, City Manager
Prepared by:
Laurie Matta, Finance Director
Kevin Orton, Budget Manager
Brent Soderlin, Public Works & Utilities Director
Presentations:
Capital Improvement Sales Tax Board Members
PURPOSE:
The Capital Improvement Sales Tax Board will report to City Council on the use of Capital Improvement Sales Tax (CIST) funds for fiscal year 2024 (January 1, 2025, through December 31, 2025).
LONG-TERM OUTCOME(S) SERVED:
High-Quality Governance; Sustainable Community with Natural Beauty; Safe Community
DISCUSSION:
The November 2021 3A ballot measure created a dedicated $0.0075 sales tax increase to address backlogged capital improvement projects. The ballot measure also requires the city to report annually the expenditures and progress of backlogged infrastructure projects after review of a board or commission appointed by City Council.
The Capital Improvement Sales Tax Board was created to fulfill that requirement and will present the 2025 annual report to City Council.
BACKGROUND:
In July 2022, City Council created the Capital Improvement Sales Tax Board, and approved a charter and action plan, to fulfill the requirement that the city to annually report the expenditures and progress of backlogged infrastructure projects after review of a board or commission appointed by City Council.
In accordance with the Capital Improvement Sales Tax Citizen Board Charter and Action plan, city staff is required to prepare a report by March 31st outlining the following information
* Revenue generated by the 3A $0.0075 sales tax
* Comparison of yearly revenue since fund inception
* Projected sales tax revenue for the current fiscal year
* Utilization of money generated by the $0.0075 sales tax for the preceding calendar year. The report shall include
o Total spending
o Spending by major capital category
o Debt service
o Unallocated funds
o Funds to ...
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