07-26-2011 CC RPT 17
City Council/Agency Reports
07-26-2011 CC RPT 17
8/5/2011 5:42:51 PM
7/21/2011 3:45:12 PM
General - Type
City Council Reports
07-26-2011 CC RA AGENDA
\City Council Agendas\2010-2019\2011
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1.1 s1 t)L� <br />City Council Memorandum <br />uuuuuuuuuuuuuuuuu uuuuuuuuuuuuuuuuuuuuuuuw <br />TO: HONORABLE MAYOR AND CITY COUNCIL <br />FROM: DEVELOPMENT DEPARTMENT <br />LIBRARY DEPARTMENT <br />uuuuuuuuuuuuuuuuuuuuuwuuuuuuuuuw <br />DATE: July 26, 2011 <br />ITEM NO: 17 <br />WARDS: ALL <br />SUBJECT: SEIZING OUR DESTINY - ADOPTION OF RESOLUTION FOR VOTER MEASURE <br />TO RENEW LIBRARY PARCEL TAX — SUPPLEMENTAL APPROPRIATION <br />ISSUE <br />The issue for City Council consideration is whether to adopt a Resolution (Exhibit A) to submit a <br />ballot measure for voter consideration on November 8, 2011 to renew the current Library Parcel Tax <br />for an additional ten years. <br />RECOMMENDATIONS <br />That the City Council: <br />1. Adopt the Resolution ordering, providing for, and giving notice of a special municipal election <br />to be held on the 8 day of November 2011 for the purpose of submitting to the qualified <br />electors of the City of Riverside a special tax to be used for City Library services, and giving <br />notice that said special municipal election is to be consolidated with all other elections being <br />held in the same territory on the same date; and <br />2. Authorize a supplemental appropriation from General Fund reserves in the amount of <br />$85,000 to an account number assigned by the Finance Division to place the Library Parcel <br />Tax on the November ballot. <br />BOARD OF LIBRARIES TRUSTEES RECOMMENDATION <br />On June 27, 2011, the Library Board of Trustees unanimously voted to recommend placing a <br />measure on the November ballot to renew the current Library Parcel Tax for an additional ten years <br />(Exhibit B). <br />FINANCE COMMITTEE RECOMMENDATION <br />On July 13, 2011, the Finance Committee unanimously voted to recommend placing a measure on <br />the November ballot to renew the current Library Parcel Tax for an additional ten years. <br />BACKGROUND <br />In 1992, the State of California (State) shifted property tax dollars from the City and the Library to <br />the State's Education Revenue Augmentation Fund to meet the State's obligation to K -12 schools. <br />To combat the State's shifting of property tax dollars, the voters of the City of Riverside approved <br />Measure C (Measure) with 69.03% approval on March 5, 2002. The Measure enacted an annual <br />$19 per parcel special tax for a period of ten years, restricted for library purposes, which will sunset <br />on June 30, 2012. <br />For Fiscal Year 2011/12, the Measure will provide approximately $1.43 million, which accounts for <br />22% of the Library budget. In order to continue this funding, voter approval is required. California <br />17 -1 <br />
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