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31 I Cily or Redwood City 7A Page 37 Funding Strategies General Obllgation Bond Citie~. counties and cert.ain other local government entities to finance specific projects may issue Gf'neral Obligal.ion honds, Dehl s(~rvice for (;0 honds is provided by an narmar'kc(l propprly lax aho\'(' the one percent general pl'Operty tax mandat.ed hy Proposition 13 (oft.en called a "1)rOpt\rty tax O\'{~rride~). Thpse overrides typically appear on the annual tax hill as "voted indehte<Jness". The pl'Oceeds from GO honds can l.le use<11.0 finGlJlct> the acqubil.ion, cullst.r'lIcliun ClmI improvemenl of real propel'ly, but cannol h(~ ww(llo pay [01' equipment. supplies, operations or maintenance cost.s, GO !lon(ls require a 2/3 majorit.y vote hy registered volers, Special1axes on Property Mrllo Roos Special Tax Thl' :vlello-Roos Community F'acilities ACl permits various local government.s to estahlish a Communit.y Pacilities District ((]i'f)) 1.0 fillCHlce new fcH'ilit.ir.s and/or' 10 pay for op<~rat.ions and maintenance through the levying of a ~pecial t.ax. The Act (as well as Proposit.ion 21 H discussed earlier) I'equil'cs a l\\'o- thir'ds vot.e for approving the special tax, I(edwoo(] City has t.wo i\,lello Roos Dist.rict.s - Redwood Shores and Pacific Shores. Parcel Tax Cilirs. as well as counties. scllool districts and other districts, can adopt a Mspecial tax" with the approval at an election of at least 2/3 of those' vcll,ing on Ih(' measure. The parcell.ax is a special tax that traces its origin to Proposition 13, which, as discussed earlier. I)J'imarily limited taxes on property values. The parcel tax is a tax on real eslat.e !)81'Cels ami nol their value and Is authorized under the Pl'Oposi lion '13 provision that. allows special t.axes t,o he adopt.eel hy t.he 2/3 majority. THE SpOrts Management lI- "G R 0 U P ~ ~ Special Sales 'fax Ul1(lE~1' some cil'cnmstancps. a special sales tax can bt' imposf'd with voter approval and its rt\Vf~IllH'S earmarked for special purposes. The imposition of such a lax typically requires special stat.f' legislat,ion as well as a 21:~ approval by tlw electorate, M(~asu['e 0, which appeared on Ihe June 2008 ballot in San Mateo County was such a measure, It authorized the imposition of a I/H-cpnl sales lax on all sales of taxablr mr.rchan(lise \\'ithin the County fOl' a period of 25 years. Tile funds \\'ould be allocate(j to t.he County of San Matf'o. each city within the count.y and the UH'er parI\. and reCl'ealion special districts within the county, Tilt' amount that this t.ax would gener-ate annually wOllld vary depencling upon local economic conditions, the changing dr.mographic characteristics of the area's residents. tourism and business visitors to t.he county, compcLlLlve retail opportunities outside the county and a numher of ot.her facl.Ors. One estimale hase(l on the conditions that existed in 2002 projected that the lax would likely genel'3t,e about $1 (1 million \leI' year for the Count.y if passed. Unfort.unately. Measure 0 was defeat.ed. PRIVATE FUNDRAISING ACTIVITIES Like many parks anlI 1'{'CI'pat.ion depart.m('nt~. Re(]wood City Parks, Recl'eat.ion and Community Services has experienced increased demand for services and decreased funding, Wit.h shortfalls in operating budgets and capital funding needs. recreation agencies are hecoming more proactive and creatiw in securing funding. St.rategies include aIternaLive fund development pl'Ograms focuging on securing prlvale funding through various venues, Monies are available in millions or dollars from philanthropic foundations and privat.e individual gifts, While there is a large amount of funds availahle. it Is Important to note that most grants and gifts I'equire that the l't~cipie\ll hp. a 6U I c.;3 Puolic Bent:'fit (rrollpl'ofil) organizalion, Incrt~asingly, cities. connlir.s and special distl'iets are creating SUPPOI't Organi7f11ions (SO's) as nonprofit orgcmi7.ations \.0 support. capit.al. endO\vm('nt and operating rrquireffi<mts of projects under puhlic auspices.