History of Measure M
In November of 2012, Vacaville voters approved Measure M, which was a ¼ cent transactions tax to maintain essential public services during the Great Recession. The proceeds of Measure M were focused on returning the City’s General Fund Reserve to a safe level as determined by the Fund Reserve Council Policy and in maintaining essential services that would otherwise be cut or eliminated. This version of Measure M was assessed and collected beginning on April 1, 2013, and will expire March 31, 2018.
At the June 14, 2016 City Council meeting, the City Council requested staff to bring back additional information for consideration of a tax measure to renew and modify Measure M that was approved by the voters in 2012. This measure would be for consideration of placement on the November 8, 2016 ballot. This report, presented on June 28, 2016, provides a review of the impact of Measure M on the City’s finances, discussion of various continuing financial challenges and potential alternatives for a tax measure (or measures) for City Council consideration.
At the June 28, 2016, City Council meeting, the Council directed staff to prepare an ordinance to renew and modify the transactions and use tax, commonly referred to as Measure M, for placement on the November 8, 2016 ballot. This report discusses Measure M’s background and the process for renewing and extending the ordinance.
The extension of and increase to Measure M was approved by the voters on November 8, 2016 and goes into effect in April 2018. This version of Measure M will expire in 20 years.