Title
Adopt a resolution calling for a special election, to be consolidated with the General Election on November 8, 2016, in order to submit to the voters an ordinance authorizing the Transportation Agency for Monterey County to impose a three-eighths of one percent retail transactions and use tax to provide revenues for implementation of the Transportation Safety and Investment Plan for a period not to exceed thirty years, for specific transportation improvements. (4/5th approval required)
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Adopt a resolution calling for a special election, to be consolidated with the General Election on November 8, 2016, in order to submit to the voters an ordinance authorizing the Transportation Agency for Monterey County to impose a three-eighths of one percent retail transactions and use tax to provide revenues for implementation of the Transportation Safety and Investment Plan for a period not to exceed thirty years, for specific transportation improvements. (4/5th approval required)
SUMMARY/DISCUSSION:
The TAMC Transportation Safety & Investment Plan will guide the investment of an estimated $20 million per year for the next 30 years for a total of $600 million in new revenues. The revenue will be raised from a 3/8 percent sales tax if approved by the voters in the November 8, 2016 election. The Investment Plan and tax would provide funding for local road maintenance and regional safety and mobility projects. The Investment Plan is a crucial part of becoming a "self-help" county. Gaining this status would significantly enhance the ability for local projects in Monterey County by opening up opportunities for the County and other local agencies to compete for federal and state grants.
On February 24, 2016, the Transportation Agency for Monterey County's (TAMC) Board of Directors agreed to release for approval by the cities and County an expenditure plan for the Transportation Safety & ...
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