The city’s recently created Transactions and Use Citizens’ Advisory Committee, tasked with ensuring that revenue generated from Measures A and B will be spent on public infrastructure, will hold its first regularly scheduled meeting tomorrow, Long Beach city officials announced.
The meeting will be held Wednesday, September 7 at Long Beach City Hall’s Council Chambers, located at 333 West Ocean Boulevard, at 4:00PM.
Mayor Robert Garcia is scheduled to introduce and welcome the committee members, which include former Long Beach Councilman Steve Neal, St. Mary’s Medical Center CEO Joel Yuhas, Cal State Long Beach Vice President of Administration and Finance Mary Stephens, former Long Beach Nonprofit Partnership Executive Director Jane Netherton, and International City Bank Chair Emeritus Jane Netherton.
"The TUT Committee will periodically review the City's use of TUT revenue and make recommendations on the City’s use of TUT revenue, in keeping with the intent expressed in Resolution No. RES-16-0018 Measure A & B which was adopted by local residents with over 60% of the vote," city officials stated.
Measure A, the transactions and use tax that was voted into effect during the June primary, will increase the city’s sales tax by one percent for six years and decrease by half a percent for four years, before “sunsetting’ at the end of 10 years. The corresponding Measure B will create a rainy day fund that will set aside one percent of the revenue generate for future projects.
The 10 percent sales tax will give Long Beach one of the larger sales taxes in California, and will go into effect at the beginning of next year.