Assembly Member Mike Feuer (D-Los Angeles) has introduced legislation allowing voters to extend the Measure R sales tax for an as-yet-unspecified length of time, enabling LA Metro to bond against a longer revenue stream and raise the money to build more projects more quickly — without having to rely only on federal or state financing.
Feuer had authored the legislation that placed Measure R — the half-cent sales tax that is providing funding for 12 new rail lines over 30 years — on the ballot in 2008. In his press release today he noted that extending Measure R would jumpstart construction on the Measure R projects, putting thousands of Angelenos back to work.
"Accelerating Measure R projects will be transformational for the LA economy," says Move LA Executive Director Denny Zane, "and a sales tax extension is very likely to win voter support. San Bernardino, Riverside and Orange counties all passed their transportation sales tax extensions by large margins in recent years.
“This is a real opportunity with very little downside, and a really good companion piece to America Fast Forward — the federal 30-10 plan. If you like what Measure R is doing for Los Angeles you will love ‘Measure R-plus’ because it will mean more jobs and fiscal benefits, better air quality and less traffic congestion — sooner. What’s not to like?”
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