8/27/11: Renewed M Early Action Plan

To insert photo, click View > Master > Slide Master 1.42” x 1.83"

Renewed M Early Action Plan To insert photo, click View > Master > Slide Master

Taxpayers Oversight Committee

2.08” x 1.35"

To insert photo, click View > Master > Slide Master 2” x 2.68"

August 8, 2007

Renewal of Measure M  M2 received 69.7% approval in November 2006  Extends local 1/2 ¢ sales tax for transportation improvements from 2011 to 2041  Revenues available starting April 1, 2011

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M2 Overview       

30 year duration $11.86 Billion* 43% Freeways ($4.8 Billion) 32% Roads ($3.6 Billion) 25% Transit ($2.8 Billion) Environmental Programs Taxpayer Safeguards

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Early Action Plan Introduction  Five years: 2007 to 2012  Criteria:  Readiness  Funding availability  Congestion and safety  Public support  Construction impacts  Resources and absorption capacity  Benefits = lower cost and traffic relief delivered sooner

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Early Action Plan Highlights    

Safeguards in place Phase 1 of all freeway projects done All cities eligible for M2 funds Five freeway projects under construction  $1.6 Billion in freeway, street and transit improvements underway  Funds for environmental mitigation/ water quality projects

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Environmental Chart

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Risks 1. Greater competition and costs for resources 2. Impact of multiple construction projects on traffic and communities 3. Capacity of cities, OCTA, Caltrans, permitting agencies and private sector to manage workload

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Next Steps Public Review of Draft

June - July 2007

Funding and Financing

June 2007

Resources and Budget

July 2007

Final Early Action Plan

July 16, 2007

Adoption by OCTA Board

August 13, 2007

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