Measure P and S Oversight Committee Meeting // July 20, 2026

The City of Monterey's Measure P and S Oversight Committee convened on July 20, 2026, to review financial and project updates related to the Measure P and S funds, which support street and sidewalk improvements. The committee reviewed unaudited expenditures from July 1, 2025, through June 15, 2026, noting total revenues of approximately $10.17 million and expenditures of about $2.8 million, with a fund balance increase of $7.3 million. Discussion highlighted a significant decrease in pavement expenditures compared to previous years, attributed to project timing and coordination with utility work. The committee also received updates on street rehabilitation projects for 2026, including the imminent start of the citywide RSR 26 road resurfacing project awarded to McKim Corporation, and delays on other projects pending utility main replacements by CalAm. Additionally, the committee reviewed a sales tax update for Q4 2025, noting a slight decline in sales tax revenue and concerns about the future impact of the Mercedes-Benz dealership relocation. The meeting concluded with discussions about the upcoming ballot measure to renew Measure P and S funding, emphasizing the importance of community support amid general tax fatigue and the ongoing need for infrastructure maintenance.