Consideration of a Policy Position on Assembly Bill 1446 The Los Angeles County Metropolitan Transportation Authority: Transactions and Use Tax. Item Number: A 4 City of Culver City California Agenda Item Report Meeting Date: 07/23/12 CITY COUNCIL AGENDA ITEM: Consideration of a Policy Position on Assembly Bill 1446 The Los Angeles County Metropolitan Transportation Authority: Transactions and Use Tax. Contact Person/Dept.: Shelly Wolfberg Fiscal Impact: Yes X No Public Hearing: Commission Action Required: Yes No X Date: Public Notification: Meetings and Agendas City Council (07/20/12); Office of Assemblymember Mike Feuer (07/12/12) Phone Number: (310) 253 6008 General Fund: Yes X No Action Item: X Attachments: Department Approval: Martin R. Cole (07/19/12) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (07/19/12) City Attorney Approval: Carol Schwab (by H. Baker) (07/18/12) City Manager Approval: John Nachbar (07/20/12) RECOMMENDATION: Staff recommends the City Council provide a policy position on AB 1446 (Feuer) as amended the Los Angeles County Metropolitan Transportation Authority: transactions and use tax. BACKGROUND/DISCUSSION: In 2008 AB 2321 (Feuer) authorized Metro to adopt a cent sales tax in Los Angeles County upon approval of the voters. When Los Angeles County voters approved the tax known as Measure R to fund construction of specified transportation projects they also approved an expenditure plan that spread the costs of those projects over the 30 year duration of the tax. Measure R increased the Los Angeles County sales tax from 8.25% to 8.75% (a half cent increase) to fund transportation projects. On July 21 2008 the City Council voted unanimously to support AB 2321 and directed staff to advocate the City Council s position. AB 1446 would authorize the Los Angeles County Metropolitan Transportation Agency (Metro) to place on a ballot for Los Angeles County voter approval the permanent extension of an existing county wide cent sales and u...
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