|
Redwood City – The County of San Mateo invested $50 million from the Measure K sales tax to build and protect affordable housing and prevent homelessness in the 2023-24 fiscal year.
The $50,445,137 provided services to individuals and families at-risk of becoming homeless, connected people living outdoors and in vehicles with assistance and helped increase the supply of places to live for residents with low and very low incomes.
Today, March 11, the Measure K Oversight Committee presented its annual report – tallying Measure K revenues and expenditures – for the 2023-24 fiscal year to the Board of Supervisors.
In total, the County spent $124,185,522 in Measure K funds during the 2023-24 fiscal year to address local needs. Measure K – a half-cent countywide sales tax approved by voters – provided $116,044,097 in revenue during the same period. July 1, 2023-June 30, 2024.
The County tracks all Measure K funds and places funded initiatives into categories to enhance transparency and accountability.
Investments in the category of Housing and Homelessness were 41 percent of the total, the most of any category.
|
