2025 Measure Y PTOC Annual Report
The 2025 Measure Y Parcel Tax Oversight Committee (PTOC) Annual Report presents an overview of the expenditure of Measure Y Parcel Tax funds for the fiscal year ending June 30, 2025. The report confirms that taxpayer money has been properly expended according to voter-approved purposes. Measure Y, passed in November 2016, allows the San José Unified School District (SJUSD) to levy a parcel tax for eight years, generating approximately $5 million annually. The report details budgeted and actual expenditures, noting that funds were primarily used for employee retention bonuses and library services. The PTOC concludes that the District has adhered to the intent of the ballot statement and expresses satisfaction with the management of the Measure Y program.
Key points
- The PTOC is responsible for reviewing and reporting on the expenditure of Measure Y funds.
- Measure Y was passed by voters in November 2016 and allows SJUSD to levy a parcel tax for eight years.
- The report covers the fiscal year ending June 30, 2025.
- Total tax proceeds collected during this fiscal year were $4,789,910.16.
- Funds were used for employee retention bonuses and library services, with no funds used for core academic programming.
- The PTOC encourages the District to evaluate the effectiveness of retention bonuses.
- The performance audit concluded that funds were expended in accordance with the Measure Y ballot statement.
Limitations
- The report contains unresolved placeholders and blank fields.
- Specific dates for certain events and meetings are mentioned but not fully detailed.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.