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RPOSD Potential Parks Funding Measure

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by

Jane Beesley

on 19 April 2017

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Transcript of RPOSD Potential Parks Funding Measure

POTENTIAL PARKS FUNDING MEASURE
EXPENDITURE PLAN

EXPENDITURE & IMPLEMENTATION PLAN
THE CURRENT FUNDING MECHANISM
25+
YEARS
OF DEDICATED LOCAL GRANT FUNDING TO PROTECT AND MAINTAIN...
NEIGHBORHOOD PARKS
WATER RESOURCES
& BEACHES
2019
EXISTING TAX TO FUND GRANT PROJECTS IN OUR PARKS WILL END IN
WHAT WILL THE POTENTIAL LOCAL FUNDING MEASURE DO?
POTENTIAL FUNDING MEASURE
77%
GRANT FUNDING FOR PROJECTS
COMMUNITY BASED PARK INVESTMENT PROGRAM
SAFE PARKS, REPAIRS AND UPGRADES, HEALTHY COMMUNITIES, URBAN GREENING PROGRAM
PROTECTING OPEN SPACES, BEACHES AND WATERSHED PROGRAM
REGIONAL RECREATIONAL FACILITIES, TRAIL AND ACCESSIBILITY PROGRAM
YOUTH AND VETERAN TRAINING AND PLACEMENT OPPORTUNITIES PROGRAM
27%
15.4%
15.4%
15.4%
3.8%
Renew
expiring, dedicated
local funding
Create and maintain
Protect
Create
neighborhood
and city
parks
local
water

resources
PER SQUARE FOOT (SF) OF DEVELOPED PROPERTY PER YEAR
$0.03
=
$189,000,000 ANNUALLY
HOW MUCH REVENUE WILL THE TAX GENERATE?
77%
15%
8%
PARKS
REVENUE EXPENDITURE AND IMPLEMENTATION
77% of revenue will be used for
Projects
prioritizing those identified in the
NEEDS ASSESSMENT
.
15% of revenue will be set aside for
Maintenance and Servicing

of grant funded projects
.
Remaining 8% will be made available for
Program Implementation, Innovation, and Oversight.
OUTDOOR SPACES
SAMPLE PROPERTY TAX
For example, if you have a 1,500 SF house, your annual tax at $0.03/SF will be
$45/year.
*

27% -
15.4% -
15.4% -
15.4% -
3.8% -
15%
MAINTENANCE & SERVICING
8%
PROGRAM IMPLEMENTATION, INNOVATION, & OVERSIGHT
FUNDS DIRECTLY TO CITIES, COUNTY DEPARTMENTS, LOCAL AGENCIES AND NON-PROFITS, THROUGH AN ADMINISTRATIVE PROCESS FROM THE RPOSD.
CITIES
COUNTY DEPARTMENTS
LOCAL AGENCIES & COMMUNITY BASED ORGANIZATIONS
51% -
29% -
20% -
STRATEGIC PLANNING
TECHNICAL ASSISTANCE
NEEDS ASSESSMENT UPDATES
INNOVATIVE ELECTRONIC
TECHNOLOGIES
OPERATIONS OF THE RPOSD
SAFE
play
areas
and
reduce
gang
activity
if the rate is...
SAMPLE PROPERTY TAX
For example, if you have a 1,500 SF house, your annual tax at $0.05/SF will be
$75/year.
*
PER SQUARE FOOT (SF) OF DEVELOPED PROPERTY
PER YEAR
$0.05
=
$309,000,000 ANNUALLY
HOW MUCH REVENUE WILL THE TAX GENERATE?
if the rate is...
IN 1992 AND 1996, LOS ANGELES COUNTY VOTERS APPROVED PROPOSITION A, INCLUDING A TAX ON REAL ESTATE, CREATING THE REGIONAL PARK AND OPEN SPACE DISTRICT (RPOSD), along with...
THESE FUNDS OFFSET INCREASED COSTS OF MAINTAINING AND OPERATING GRANT-FUNDED PROJECTS.
*Exemptions
available for
low income seniors.
*Exemptions
available for
low income seniors.
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