Can’t property tax revenues cover unmet community needs?

Property tax is the largest (39%) and most stable source of revenue for the City’s General Fund. Property tax revenue is driven by changes in assessed value as determined by the San Luis Obispo County Assessor’s Office. While the FY 2020-21 budget assumes a growth rate of 5% in property tax revenue, due to the unknown short and long-term impacts of COVID-19, assessed property value and the corresponding property tax revenue could decrease in the following year(s). As part of the General Fund, these revenues are used for important City services, projects and programs, including policing and public safety, community development and parks and recreation programs.

For additional information on the City’s current budget, you can review and download the FY 2020-21 Adopted Budget.

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1. Why is Measure F-20 on the November 2020 ballot?
2. What are some of the financial challenges facing Grover Beach?
3. What may happen if Measure F-20 doesn’t pass?
4. How will Measure F-20 appear on the November 2020 ballot?
5. Is Measure F-20 a general tax or a special tax?
6. How will Measure F-20 impact me?
7. Will there be any safeguards in place to ensure Measure F-20 revenues are appropriately spent?
8. How is the revenue estimate calculated?
9. Is Measure F-20 intended to address budget shortfalls related to fiscal impacts of COVID-19?
10. Why does the City need additional funding for street repairs? Doesn't Measure K-14 cover these projects?
11. What would Measure F-20 funds address that our cannabis tax does not?
12. Can’t property tax revenues cover unmet community needs?
13. What are transient occupancy tax (TOT) revenues being used for?
14. What could Measure F-20 help fund?
15. How is the City informing the Grover Beach community about Measure F-20?