Guidelines for the management and spending of Measure M dollars were released to the public for review Thursday by the Metro Board of Directors. The public comment period runs through May 26. The goal is to have the Board adopt the guidelines at their June meeting with the Measure M half-cent sales tax increase going into effect in L.A. County on July 1.
The guidelines — as the name implies — govern how Measure M tax revenues will be overseen, managed and spent on different projects and programs included in the ballot measure. That includes everything from how local return funds can be used to how Measure M is audited to how funds are spent on transit and highway projects. And more.
In short: this is important stuff and I encourage everyone interested in Measure M to at least give the document a look.
If you’re late to the party, Measure M was approved by 71.15 percent of Los Angeles County voters in November. The ballot measure includes a new half-cent sales tax and makes permanent the Measure R sales tax. Measure M is projected to raise $120 billion in its first 40 years. Here is the Measure M page on metro.net and here is a list of projects and programs it will fund.
You can comment on the Measure M guidelines by emailing email@example.com.