...Title
Proposed Changes to the Spending Priorities and Percentage Allocations Measure E Real Property Transfer Taxes. - NOT TO BE HEARD BEFORE 1:30 P.M. AND TO BE HEARD CONCURRENTLY WITH ITEM 3.4
...Recommendations
(a) Adopt a resolution related to estimated 2023-2024 Measure E revenues:
(1) Approving by two-thirds (2/3rds) affirmative vote the following percentage allocations as included in Manager’s Budget Addendum #2 of the 2023-2024 Proposed Operating Budget for the spending of Measure E revenues totaling $50.0 million anticipated to be received in Fiscal Year 2023-2024:
(i) 5% for administration with the remaining revenue allocated as follows:
(ii) 0% for the creation of new affordable housing for extremely low-income households;
(iii) 0% for the creation of new affordable housing for low-income households;
(iv) 0% for the creation of new affordable housing for moderate-income households;
(v) 20% for homeless prevention, gender-based violence programs, legal services and rental assistance; and
(vi) 80% for homeless support programs including shelter construction and operations.
(2) In the alternative to (a)(1), approve by majority vote to maintain the current allocation under Council Policy 1-18, Section 22, of Measure E spending priorities for the 2023-2024 Proposed Budget for the spending of Measure E revenue totaling $50.0 million anticipated to be received in Fiscal Year 2023-2024; and
(3) In the alternative to (a)(1) or (a)(2), approve by two-thirds (2/3rds) affirmative vote an alternative allocation for Measure E spending priorities for the 2023-2024 Proposed Budget for the spending of Measure E revenue totaling $50.0 million anticipated to be received in Fiscal Year 2023-2024.
(b) Adopt a resolution related to prior year Measure E revenues:
(1) Approving by two-thirds (2/3rds) affirmative vote the following percentage allocations as included in Manager’s Budget Addendum #2 of the 2023-2024 Proposed Operating Budget fo...
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