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HomeMy WebLinkAboutItem No. 03 - PresentationMeasure Z Citizen Committee Meeting Thursday, February 27, 2025 FISCAL YEAR 2024-25 MEASURE Z UPDATE FY 2024-25 MEASURE Z UDPATE BUDGETED REVENUE: $17 MILLION (Does not include $12.8m in Fund Balance) Revenue Budgeted Revenues (thru 12/31/24) Measure Z – Sales Tax $16,544,000 $5,234,677 Investment Interest $500,000 $255,817 FY 2024-25 MEASURE Z UPDATE Public Safety Program Budgeted Expenditures (thru 12/31/24) Animal Services $265,000 $0 Emergency Services 384,600 0 Fire Services 2,836,700 0 General Plan Update 1,266,050 42,894 Homeless Services 1,824,260 0 Lake Management 3,197,020 3,157,037 Police Services 3,962,820 0 Public Services 232,910 0 BUDGETED EXPENDITURES: $29.8 MILLION PUBLIC SAFETY: $9.3M CAPITAL PROJECTS: $20.5M FY 2024-25 MEASURE Z UPDATE Project Name Budgeted Expenditures (thru 12/31/24) Amphitheater $2,574,481 $271,961 Annual Citywide Asphalt Maintenance Program 885,992 271,961 Auto Center Drive Bridge Retrofit 425,500 76,374 Broadway Tract Paving 140,852 0 Citywide Park IT Improvements 60,000 2,236 Downtown Main Street Parking & Landscape Improvements 304,500 16,282 Gedge and Treleven Avenue Pavement Resurfacing 450,000 333 Gunnerson St/Riverside Dr Intersection Traffic Signal Improvements 31,000 21,445 Highway Safety Improvements Cycle 9 168,105 10,130 Highway Safety Improvements Cycle 10 100,000 0 I-15/Franklin Street Interchange Improvements 560,000 0 I-15/Main Street Interchange Landscape Improvements 600,000 30,054 I-15/Nichols Road Interchange 5,000 5,000 FY 2024-25 MEASURE Z UPDATE Project Name Budgeted Expenditures (thru 12/31/24) Lakeshore Sidewalk Improvements 457,630 0 Main Street Interchange 405,000 541,362 Main Street/Railroad Canyon Art Panels 500,000 436,865 Main Street Pedestrian Safety & IT Improvements 1,528,031 0 Mountain & Avocado Way Tract Paving Rehabilitation 148,990 0 Murrieta Creek Regional Trail Connection 1,096,866 0 Parks Master Plan 500,000 58,017 Railroad Canyon Road Safety Improvements 561,250 0 Special Needs Sports Park 500,000 116,952 Sportsplex 871,500 0 Spring Street Sidewalk 380,000 0 Terra Cotta Road Street Improvements 801,969 24,843 CLOSING COMMENTS Open discussion for questions and suggestions. City Staff Contacts: Brendan Rafferty, Assistant Director of Administrative Services, brafferty@lake-elsinore.org Shannon Buckley, Assistant City Manager, sbuckley@lake-elsinore.org