State of the City
2017 State of the City Address
"Sunrise in Ventura" painting by Hilda Hilpatrick-Freyre
Mayor Erik Nasarenko presented the State of the City address titled -- Ventura: Growing Stronger While Keeping Its Charm -- on February 13, 2017 at 6pm, in the Ventura City Hall Council Chambers.
To watch Mayor Nasarenko's 2017 State of the City speech in its entirety click the video link here.
Ventura: Growing Stronger While Keeping Its Charm
Ventura is a charming location with a beautiful natural landscape. We will look at how our city continues to grow stronger economically while retaining its charm.
Our General Fund Revenues are increasing, as are our expenditures. We are continuing to balance our budget, living within our means and we are not spending more than we are receiving. But we’re seeing ongoing and escalating retirement costs encroaching upon the revenue; this is something that we need to keep track of as a City Council.
We’re also seeing a growth in Transient Occupancy Tax, or “hotel bed tax”, which is the amount we collect when tourists stay in our hotels. In 2016 we collected almost $6 million in TOT thanks to efforts from the Visitors and Convention Bureau to bring more tourists to Ventura.
Thank you to the voters of Ventura who approved the local sales tax increase, Measure O, on the November ballot. Special thanks to Jim Duran, Ed Wehan and Kevin Clerici who were part of the leadership team for the Yes on Measure O committee who stewarded this measure to passage. Beginning April 1, 2017 our local sales tax will be 7.75% and will generate $10.8 million annually; we’ll receive the first quarterly installment of this revenue in July.
How will we spend that money?