Murrieta Transaction and Use Tax Oversight Committee Meeting - March 26, 2026

The City of Murrieta's Transaction and Use Tax Oversight Committee met on March 26, 2026, to review the biannual financial report on Measure T, a voter-approved 1% sales tax. The Finance Department presented updates on sales tax revenue collections, which are trending approximately 4% higher year-over-year, with projections slightly exceeding the original budget at $28.9 million for fiscal year 2025-26. Expenditures through midyear totaled about 49% of the $32.5 million amended budget, including operating costs and capital improvement projects such as fire department equipment and sports park turf replacement. The committee discussed budget adjustments approved by City Council, including increased revenue projections and appropriations for emergency repairs and personnel benefits. The presentation also covered fund balance projections, reserve allocations, and the status of a $3.5 million loan related to library development. No motions or votes were required, as the meeting focused on oversight and transparency of Measure T funds and expenditures.