AgdaPkt 2002-02-04 - Laserfiche WebLink

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EPOR T TO the Hon°rabl® Mayor and City Council From the City Manager February 4, 2002 Subject Support for Proposition 42 Recommendation Approve the attached resolution in support of Proposition 4¢), the Transportation Congestion Improvement Act, on the March 5, 2002 ballot. Background Over the last decade, public opinion polls in California have consistently identified traffic and transportation as among the top two or three concerns of residents in our state. In fact, Califomia reportedly has the third-worst deteriorated roadways in the nation, with more than 6,000 bddges and overpasses structurally deficient or no longer meeting highway safety or design standards. Locally, the San Francisco peninsula has long suffered from traffic congestion resulting in long commutes, lost business productivity, and maintenance costs beyond what most jurisdictions can afford. Proposition 42, the Transportation Congestion Improvement Act, was placed on the March 5, 2002 ballot as a means of providing additional funding to repair and maintain local roadways, and speed up construction of highway, street, and mass transit improvements. A distinctive element of Proposition 42 is that it will allocate a portion of the existing State gasoline sales tax to cities and counties to' be used solely for transportation improvements. It will not impose a new tax. Currently, gasoline sales tax goes into the State general fund, and not all of it is utilized for transportation-related projects. This proposition will provide that these funds be deposited instead into a newly-created Transportation Investment Fund for the reallocation as noted below. The reallocation will ,be apportioned as follows: ~ 20 percent to cities for local street repairs and maintenance; ~ 20 percent to counties for local road repairs and maintenance; ~ 20 percent to public transit agencies; ~, 40 percent to the State Transportation Improvement Program (STIP) which is used to fund locally-identified projects.