KCRA 3 | Folsom finances lead debate over Measure G sales tax proposal @KCRA | Uploaded October 2024 | Updated October 2024, 1 hour ago.
The city of Folsom will hold a town hall meeting Thursday evening to address the city's "growing financial outlook that could impact public services and the quality of life in Folsom," read an announcement on the city's website. The city's announcement said the town hall will include a presentation of the city's finances, as its expenses are growing faster than revenues. On the ballot this November is Measure G. An explanation prepared by a city attorney describes it as: "The measure to enact a 1 percent transaction and use tax (sales tax), providing approximately $29 million annually until ended by voters, requiring local control, citizen oversight, independent annual audits, all funds staying in Folsom and the proceeds used only for the following: 20% - police services, 20% - fire protection, 15% - parks/trail improvement, 15% - traffic/street maintenance, 15% - community enhancement/economic development, and 15% - major capital improvement projects, according to an explanation prepared by the city attorney.
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The city of Folsom will hold a town hall meeting Thursday evening to address the city's "growing financial outlook that could impact public services and the quality of life in Folsom," read an announcement on the city's website. The city's announcement said the town hall will include a presentation of the city's finances, as its expenses are growing faster than revenues. On the ballot this November is Measure G. An explanation prepared by a city attorney describes it as: "The measure to enact a 1 percent transaction and use tax (sales tax), providing approximately $29 million annually until ended by voters, requiring local control, citizen oversight, independent annual audits, all funds staying in Folsom and the proceeds used only for the following: 20% - police services, 20% - fire protection, 15% - parks/trail improvement, 15% - traffic/street maintenance, 15% - community enhancement/economic development, and 15% - major capital improvement projects, according to an explanation prepared by the city attorney.
Subscribe to KCRA on YouTube now for more: bit.ly/1kjRAAn
Get more Sacramento news: kcra.com
Like us: facebook.com/KCRA3
Follow us: twitter.com/kcranews
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