Glossary

Plain-language definitions for the budget terms used on these pages.

General Fund

The City’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Measure H

A half-cent sales tax Lafayette voters approved in November 2024. In the City’s words: “In November 2024 voters approved Measure H -- a 1/2 cent sales tax -- to support ongoing City programs. The additional sales tax was effective on April 1, 2025 and will continue for 7 years until March 30, 2032.”

Sinking Fund

Money the City sets aside year by year for a known future cost. The City’s financial report describes “sinking funds” for future operating costs such as vehicle replacements, vacation accruals, retiree healthcare, capital expenditures, deferred maintenance, and other monies that have been earmarked for specific purposes by the Council.

Special District

A local government set up to provide a particular service in its area, such as fire protection, water, or parks and recreation. Special districts get a share of the 1% property tax, along with counties, cities and schools.