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Conejo Recreation &Park District GENERAL MANAGER Jim Friedl DATE: June 20, 2019 TO: Board of Directors FROM: Jim Friedl, General Mana SUBJECT: Revenue Measure Study tS` RECOMMENDATION BOARD OF DIRECTORS Chuck Huffer, Chair George M. Lange, Vice Chair Susan L. Holt, Director Nellie Cusworth, Director Doug Nickles, Director GENERAL MANAGER EMERITUS Tex Ward 1. Consider presentation from SCI Consulting and participate in study session regarding possible revenue measures available to recreation and park districts in California. 2. Create an ad-hoc Revenue Measure Committee and select two Board members to serve on the committee. DISCUSSION The Conejo Recreation and Park District was formed in the Fall of 1962 when over 80% of the voters agreed to create an independent recreation and park district to serve the growing Conejo Valley community. The population at the time was estimated at less than 19,000. The District has grown along with the Conejo Valley and the City of Thousand Oaks and there are now over 60 parks and facilities with over 1,000 acres of developed park sites, plus multiple community centers, historic structures, museums, community pools and special facilities. Plus, in conjunction with the City of Thousand Oaks, through COSCA, CRPD helps to conserve and manage over 12,000 acres of publicly -owned open space. Today, approximately 140,000 people live inside the District's boundaries which includes the City of Thousand Oaks, plus the unincorporated areas within the Conejo Valley. After Proposition 13, the District's property tax revenue was allocated at a fixed "AB 8" formula — meaning the percentage of local property tax received by the District has been fixed at approximately 6% of the 1 % property tax dollar. Since the passage of Proposition 13, during very difficult economic years, the state transferred (aka "took") local property tax dollars to help off -set state budget deficits. These have been referred to as "ERAF" tax shifts (Education Revenue Augmentation Fund). The annual loss of that former property tax revenue continues. For example: had the ERAF shifts not occurred, CRPD would have received an additional $2.55 million in property tax revenue in FY 18-19. Thankfully for CRPD, the ability of the state to shift additional local property taxes to the state ended in 2004 when voters passed an initiative (Proposition 1A) by almost 84% to prevent the state from taking local property taxes (while still allowing the state to "borrow" local property taxes under certain limited conditions). ADMINISTRATIVE OFFICES 403 West Hillcrest Drive - Thousand Oaks, CA 91360-4223 (805) 495-6471 - FAX: (805) 497-3199 - Email: parks@crpd.org - Website: www.crpd.org