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PRESENTATION OF FISCAL YEAR 2025-26 THIRD QUARTER MEASURE W REVENUES AND EXPENDITURES
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RECOMMENDATION
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Background
On August 3, 2004, the Stockton City Council adopted Resolution 04-0595, which authorized a special transaction and use tax for public safety services to be put before voters. On November 2, 2004, voters approved Measure W, the Stockton Safe Neighborhood Gang and Drug Prevention Police & Fire Response Initiative, and the City established an ordinance and guidelines to implement it. The initiative's guidelines required creating an independent citizen oversight committee that meets at least annually to review revenues and expenditures and verify that spending complies with the ordinance. The City Council later adopted Council Policy 3.04.060, which directs City staff to submit quarterly financial reports for the oversight committee to review.
Present Situation
In compliance with Council Policy 3.04.060, attached for the Measure W Independent Citizens Oversight Committee review is a financial report for the nine-month period ending March 31, 2026 (Attachment A).
Of the FY 2025-26 expenditure allocation of $18,240,671 as of March 31, 2026, total expenditures totaled approximately $11.98 million, or 66% of the approved budget.
As noted previously, this measure funds the costs of 27 sworn staff in the Fire Department and 24 sworn staff in the Police Department. As of the end of the third-quarter period, each department has expended roughly 63% (Police) and 68% (Fire) of their budgeted allocation.
Revenue received as of March 31, 2026, was approximately $9.6 million, or 58% of annual estimated revenue. The amount shown reflects only 8 months of tax receipts, as the California Department of Tax and Fee Administration typically remits tax revenue to us 60 to 90 days after they receive it. Staff anticipates no change in our revenue estimate, as we have no information indicating a downturn in economic activity that would result in lower-than-projected revenue.
Attachment A - Measure W FY 2025-26 3rd Quarter Budget Update