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<br />7A <br />Page 4 <br /> <br />Parks for the Future <br /> <br />For more infonnation, please visit W\\lw.SupportParks.orf; or www.parksforthefuture.org (under construction). <br /> <br />Summary , <br />Parks for the Future is an increase in the sales tax byl/Sth of a cent for 25 years to secure dedicated tax-based revenues to <br />support the parks and recreation related activities of San Mateo County, the cities located within the County, the Ladera <br />and Highlands recreation districts and Midpeninsula Regional Open Space District. <br /> <br />The revenue, projected to raise between approximately $16 million per year (at 2002 figures), would be allocated to. <br />jurisdictions per a formula. The revenue must be used for park and recreation related functions but each jurisdiction will <br />have the authority to spend the funds according to their need. Funds could be spent 011 maintenance, operations, <br />activities and programs, capitaHmprovements or acquisition, and jurisdictions could vary how the money is spent over the <br />life ofthe tax. Under the measure, cities and the County will be required to maintain their general fund contributions to <br />. the parks and recreation budgets. The City/County Association of Governments (C/CAG) will serve as the administrative <br />board for distribution of funds, auditing and reporting functions. <br /> <br />Frequently Asked Questions <br /> <br />What will this cost per person and how does our tax rate compare? <br /> <br /> <br />0.125% <br /> <br />$18.10 <br /> <br />Current <br />Sales Tax Rate Comparison <br />County Sales Tax <br />Alameda 8.75% <br />Contra Costa 8.25% <br />San Francisco 8.50% <br />San Mateo 8.250/. increased to 8.375% <br />Santa Clara 8.25% <br />Santa Cruz 8.00% <br /> <br />Assumes 25% of jrn:ome Is spent of taxable Items <br />I . Based on 200:2 median per capita income of $57,906 <br />I - Average personal spending mullipllea by ttotcounty residen1s <br /> <br />When do we vote on this? <br />In the June primary, June 3, 2008. The measure designation (letter) will be given March 15,2008. <br /> <br />Does this require 2/3 support? <br />Yes, two-thirds approval by those voting in the election is required for the measure to pass. The measure does not need <br />two-thirds approval of the voters in each city. <br /> <br />Is tbis a San Mateo County Measure only? <br />Yes. <br /> <br />What is the fundin distribution? <br />, Percentage <br />i <br />I <br />152% <br />142% <br />L6% <br /> <br />Recipient <br /> <br />Annual growth of sales tax revenues <br />equal to or less than 4% will be <br />distributed per this formula. Cities and <br />special districts only will benefit from <br />annual owth reateTthan 4%. <br /> <br /> <br />2/1 5/08 <br /> <br />page I <br />