Financial Summary
Measure K is a countywide half-cent sales tax extension passed by local voters in November 2016 to support essential County services and to maintain or replace critical facilities.It is also known as the “San Mateo County Critical Services Measure.”
This page is intended to provide you with key financial information on revenues and expenditures. You will also find annual audits from the Controller's Office.
How much does the sales tax raise?
Revenues are as follows:
FISCAL YEAR | AMOUNT |
---|---|
July 1, 2012 – June 30, 2013 | $4,397,205 |
July 1, 2013 – June 30, 2014 | $75,577,548 |
July 1, 2014 – June 30, 2015 | $80,598,111 |
July 1, 2015 – June 30, 2016 | $79,888,971 |
July 1, 2016 - June 30, 2017 | $83,033,888 |
July 1, 2017 - June 30, 2018 | $89,602,981 |
Note: a half-cent sales tax adds 10 cents to a taxable purchase of $20. The additional tax on a $100 taxable purchase is 50 cents.
Prescription drugs and most groceries are exempt from sales tax.
What are the expenditures?
Expenditures are as follows:
FISCAL YEAR | EXPENDITURES |
---|---|
July 1, 2013 - June 30, 2014 | $24,113,909 |
July 1, 2014 - June 30, 2015 | $36,396,204 |
July 1, 2015 - June 30, 2016 | $44,081,784 |
July 1, 2016 - June 30, 2017 | $58,199,714 |
July 1, 2017 - June 30, 2018 | $88,416,871 |