Title
Hearing for the Board of Supervisors to consider:
a. A Resolution regarding the Transportation Safety and Investment Plan to be placed before the voters on a future ballot; and
b. Approve the partial list of local road repair and safety projects to be funded through the Local Road Projects portion of the plan.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Adopt Resolution regarding the Transportation Safety and Investment Plan to be placed before the voters on a future ballot; and
b. Approve the partial list of local road repair and safety projects to be funded through the Local Road Projects portion of the plan as shown in Exhibit A.
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 4, 2016 election. The Investment Plan 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 a spending plan for the Transportation Safety & Investment Plan that will split the estimated $600 million raised through the transportation sales tax. The TAMC Board approved a 60% /40% split of revenues between local and regional projects, respectively. The distribution of the 60% local share amongst the cities and the county be allocated 50% by population and 50% by lane miles. The TAMC Board adopted a cost-sharing policy for payment of election costs based thereon...
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