2004 AGN MAY 18 I22 - Laserfiche WebLink

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CITY OF COLTON AGENDA REPORT Council Meeting of May 18, 2004 TO: Honorable Mayor and Council Members FROM: Daryl J. Parrish, City Manager Item #22 SUBJECT: RESOLUTION TO APPROVE MEASURE I EXPENDITURE PLAN FOR REVENUES EXPECTED TO BE DERIVED FROM THE PROPOSED CONTINUATION OF MEASURE I, SAN BERNARDINO COUNTY'S ONE-HALF OF ONE PERCENT TRANSACTIONS AND USE TAX FOR TRANSPORTATION IMPROVEMENTS DATE: May 10, 2004 BACKGROUND: San Bernardino County voters approved Measure I, the County's one-half of one percent transactions and use tax for transportation improvements, in November 1989. Since its inception, Measure I has provided funding for numerous transportation projects, including freeways, local roads, major streets, interchanges, the Metrolink commuter train system, public buses, traffic signals, and more. Measure I will expire in 2010, and a proposal is underway to continue the existing tax. San Bernardino Associated Governments, in its function as the San Bernardino County Transportation Authority, has been working with private sector stakeholders and city and County representatives to prepare an Expenditure Plan for the revenues expected to be derived from the continued Measure I tax, together with anticipated federal and state funds. This Measure is anticipated to be placed on the November 2, 2004 ballot. DISCUSSION / ANALYSIS If approved by voters, Measure I would authorize the collection of a one-half of one percent sales tax for a 30 -year period from 2010 to 2040, generating an anticipated total of $6 billion for local transportation projects, without raising additional taxes. These funds would remain in San Bernardino County and could not be borrowed or suspended by the state or federal governments for any reason. A million more people are projected to live in San Bernardino County by 2030, and Measure I will help fight traffic congestion with a long-term funding source for freeways, highways, major streets, local streets, passenger trains and bus fare discounts for seniors and persons with disabilities. Measure I will help improve road access for emergency responders, such as police, fire and ambulance services and will help repair badly deteriorated roads countywide. Measure I also will help boost San Bernardino County's economy by providing construction -related jobs and manufacturing jobs and by making the area more attractive to businesses that need an effective transportation network for its employees and customers. Annual financial audits and an Independent Taxpayer Oversight Committee will ensure that funds are spent appropriately. The Measure I Expenditure Plan ("Plan") specifies the allocation of tax revenue countywide for the new measure, which would take effect upon the expiration of the current measure in 2010. Key elements of the Plan are as follows: The Plan retains the six county subareas and directs revenues generated from each subarea to be expended on transportation projects of direct benefit to that subarea. Within the San Bernardino Valley Subarea, the funds collected from this subarea would be used for projects of direct benefit to the Valley, using the following formula: o 29% - Freeway projects 0 11% - Freeway interchange projects o 20% - Major street projects o 20% - Local street projects (Returned to local jurisdictions for priority projects) o 8% - Metrolink/rail service o 8% - Senior and disabled transit service