City of Hermosa Beach
Home MenuHermosa Beach voters will have a choice. The City Council has approved placing Measure HB on the November 5, 2024 ballot so voters in Hermosa Beach can consider enacting a local sales tax of 3/4 cent. If voters approve the Measure, it is expected to generate approximately $3 million each year in dedicated and locally controlled funds that benefit Hermosa Beach residents and businesses. The Measure has a sunset clause 20 years from the effective date, or until ended by voters.
HERMOSA BEACH'S ECONOMIC OUTLOOK
Each year, the underlying challenge is maintaining essential City services while addressing unfunded infrastructure and neighborhood improvement projects. The City has been fiscally prudent with a history of balanced budgets. Increased costs of police services, 911 emergency response, protection of our beaches and coastal waters, and maintenance and repair of an aging infrastructure have presented the City with fiscal challenges.
The current budget outlines $54.7 million in revenues and $54.6 million in expenditures for the FY2024-25 budget. Not included in this budget is a shortfall of $135 Million in unfunded and deferred projects for needed capital improvements and repairs. The City estimates that to meet the current infrastructure and service needs, the City would need an additional $3 million in the General Fund revenue on average annually. Based on projections this need could possibly deplete the City’s $10.6 million in reserves within 3 years.
REVENUE WILL STAY IN HERMOSA BEACH
The locally controlled revenue generated from this Measure will support the preservation of the City’s existing quality of life services and will allow for the City to begin addressing critical needs that, over time, will become more expensive.
IF APPROVED THE MEASURE AMOUNTS TO
Every dollar raised by the Measure will be used in Hermosa Beach on local services, infrastructure, and other City needs. The City will include strict accountability and public oversight of the measure to verify that the funds are spent efficiently, effectively, and as promised.
LOCAL REVENUE
This year, of the $36.1 million in sales tax revenue generated in the City of Hermosa Beach, $22.8 million is expected to be sent to Sacramento and $9.5 million to Los Angeles County and Districts. Of that $36.1 million, only about $3.8 million is returned to Hermosa Beach.