Item Coversheet

Agenda Item 6.

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TRANSPORTATION AGENCY FOR MONTEREY COUNTY
Memorandum
To: 

eXcellent Transportation Oversight Committee

From:

Theresa Wright, Community Outreach Coordinator

Meeting Date:

January 15, 2019

Subject:

County of Monterey Local Measure X Project Update


RECOMMENDED ACTION:
RECEIVE presentation on Measure X local projects from the County of Monterey.  
SUMMARY:
The Measure X Transportation Safety and Investment Plan was approved by 2/3rd of voters in November 2016. The measure is anticipated to generate $20 million annually with 60% of the revenues allocated to local jurisdictions. This report provides an update on the status of the County of Monterey's local Measure X projects. 
FINANCIAL IMPACT:
The amount of Measure X revenues for the County of Monterey is projected to be approximately $6.2 million annually.

DISCUSSION:

On November 8, 2016, the voters of Monterey County, approved Measure X on the Monterey County Ballot, thereby authorizing TAMC to impose a three-eighths cent transaction and use tax (“Measure X”)  and administer the proceeds.  Measure X is estimated to generate $600 million over 30 years for transportation improvements in Monterey County.  Of that amount, $360 million (60%) will be distributed to the cities and the County for local projects, while the remaining $240 million (40%) is programmed to regional safety and mobility projects.

 

The duration of the Measure X sales tax will be 30 years from the initial year of collection, which began April 1, 2017, with said tax to terminate/expire on March 31, 2047. The tax proceeds will be used to pay for the programs and projects outlined in TAMC’s Transportation Safety and Investment Plan (the “Measure X Investment Plan”), as it may be amended.

 

The County's 5-Year Capital Improvement Program, approved by the Board of Supervisors in June 2018, identifies transportation projects that are anticipated to be funded with a range of fund sources, including the County's share of Measure X funds. A summary of that program is attached.

 

A report of the County's Measure X expenditures during fiscal year 2017/2018 is also attached. This report provides a summary of the eleven projects completed, their costs and the amount of Measure X funds used for the project.  

ATTACHMENTS:
Description
Monterey County Project Report for Measure X Expenditures