Measure L - Expansion of duties of elected city treasurer by combining the positions of the city treasurer and director of finance and giving the city treasurer additional duties pursuant to that new role

Summary

A "YES" vote on Measure L is a vote for increasing the powers of the City Treasurer, limiting restriction of those powers and oversight, and allowing the treasurer budget, investment portfolio, finance department and professional financial operations control of the city.

A "NO" vote on Measure L is a vote against increasing the powers of the City Treasurer, limiting restriction of those powers and oversight, and allowing the treasurer budget, investment portfolio, finance department and professional financial operations control of the city.

Arguments

"- Enhances public transparency by requiring city expenditures and monthly financial reports be posted on the City’s website for public review. - Exposes cronyism and sweetheart deals by requiring online posting of invoices, purchase orders, submitted bids and solicitations for bids. - Safeguards city assets from theft by requiring a robust system of internal controls. - Institutes performance measurements for each department based on cost, quality and timeliness – and requires they be posted online." - Requires that an independent auditor conducts performance audits, ensures protections are followed, and oversees a whistleblower program., in support of Measure L (Learn more)

"The 'Treasurer Expansion Initiative' initiative will impose a major change in the City’s overall financial governance, will add significant cost to the City’s financial oversight function, but will be unlikely to provide any additional transparency or accountability on the City’s finances. Additionally, this initiative eliminates existing lines of oversight of City departments and will likely result in power struggles that will impair effective governance." , in opposition to Measure L (Learn more)

Measure Details