SPECIAL FUNDS
Fund 154: MEASURE M2 FAIRSHARE FUND This fund was created to account for the City's share of the Measure M2 one-half cent sales tax approved by Orange County voters and administered by the Orange County Transportation Authority. Funding is allocated to the City for streets, roads, and transit projects. In FY 2023-24 and FY 2024-25 the City will receive approximately $7.7 million and $8 million in Measure M2 Fairshare funding. Capital improvement project appropriations in each fiscal year include approximately $5.9 million for the Annual Slurry Seal and Street Rehabilitation. An additional $300,000 is appropriated annually for non-CIP activities, such as proactive funding application support and staffing.
FY 2023-25 Adopted Budget
347
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