Would authorize the sale of $24,000,000 of bonds to fund the improvement of parks and recreation for children, families, senior citizens, and residents; make safety/security improvements; renovate, construct, and expand parks and facilities; upgrade old restrooms; and provide shade structures/new playgrounds. Measure Q requires at least fifty-five percent (55%) of the vote in order to pass.
Fiscal Impact: Should the Fulton El Camino Recreation and Park District’s measure be adopted authorizing $24,000,000 of bonds at legal rates, the annual cost will average $1,380,000 annually while bonds are outstanding. In order to fund the full debt service of the bonds, a property tax of approximately $18.40 per $100,000 assessed property value will be levied through fiscal year 2058-59 with annual audits, independent citizens’ oversight, no money for salaries and all money staying local.