Title
Consider a draft transportation sales tax investment plan presented by the Transportation Agency of Monterey County (TAMC).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive a presentation on a draft transportation sales tax investment plan by the Transportation Agency of Monterey County (TAMC); and
b. Provide comments or direction to staff and TAMC on the draft plan.
SUMMARY:
The Transportation Agency of Monterey County (TAMC) is working on developing a 2016 ballot measure that would increase the sales tax by 3/8-cent for transportation projects, which is estimated to generate $20 million per year. This measure would provide funding for a 30-year period commencing in 2017.
TAMC requested an opportunity to present the discussion draft transportation sales tax investment plan to city councils and the Board of Supervisors for review and comment in January or February. Attached is a summary, which the TAMC Board approved for distribution on December 2, 2015 and that the TAMC community leaders group reviewed and had strong praise for on December 7 (Attachment A). TAMC's goal is to get as many comments in January and early February as possible, so they can take a revised version to the TAMC Board on February 24, 2016.
TAMC staff will attend the meeting to make a presentation to the Board of Supervisors. Staff recommends that the Board receive a presentation from TAMC. No formal action is required; however, this is an opportunity for the Board to provide comments or direction on the draft transportation sales tax investment plan.
DISCUSSION:
Local agencies requested that a portion of the tax be given to the cities and County to use for road and bridge maintenance. TAMC submitted a draft transportation sales tax investment plan for consideration by the jurisdictions where 50% of the funds generated would be managed by TAMC for specific construction projects. A list of the construction projects id...
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