None
IT
MEASURE Q IS ON PACE TO GENERATE $14.68M YEARLY
[]
Manteca Bulletin
If the first quarterly payments end up being average for Measure Q sales tax receipts, Manteca is on pace to collect $14.68 million a year.
Measure Q will effectively plug much, if not all, of the gap for specific projects.
The 18 year bonds will be timed to be paid off when the Measure Q tax expires.
Measure Q funds will be augmented with $2,663,000 annual in government facilities fees collect from growth.
In just three months, the city collected enough Measure Q funds to cover the cost of three replacement fire engines and almost all of the 20 plus new vehicles ordered on the strength of city voters approving Measure Q last November.
['measure'
'1468m'
'yearly'
'generate'
'million'
'station'
'quarter'
'public'
'city'
'sales'
'q'
'tax'
'projects'
'pace']