PRESENTATION - 75A - Laserfiche WebLink

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DESCRIPTION OF FUNDING SOURCES street system. Examples of programs funded by Gas Tax include Roadway Markings/Signs, as well as Traffic Signals, Street Maintenance and Street Rehabilitation. ROAD MAINTENANCE AND REHABILITATION ACCOUNT (RMRA SR-1) — Road Maintenance and Rehabilitation Account (RMRA - Streets and Highways Code Sec 2030 et sec.) includes funds from the following taxes enacted by the Senate Bill 1 Road Repair and Accountability Act of 2017: the 12 cent gasoline excise tax and 20 cent diesel fuel excise tax, transportation improvement fees. GENERAL FUND — The general fund is supported by revenue received from sales tax, property tax, utility tax and other miscellaneous tax revenue which provides funding for City operations. MEASURE M2 — On November 7, 2006, voters approved the renewal of the Measure M half -cent sales tax (Measure M2), extending the program over a 30-year period beginning in 2011. In addition to the original three program components, this generation of the Measure M Transportation Plan expands the program to include Environmental Cleanup and Taxpayer Safeguards and Audits. To receive revenues from the one -half -cent sales tax, cities and the County of Orange must coordinate their land use and transportation decisions, establish cooperative transportation -2- 5/28/2019 planning programs with neighboring jurisdictions, develop Growth Management programs, and guarantee that transportation funds are used for transportation purposes only. MEASURE M2 FAIRSHARE — This local fair share program returns a portion of the Measure M2 Streets and Roads revenues to the cities and the County of Orange once specific program requirements are met. Disbursement amounts are based on a formula that accounts for population, street mileage, and sales tax collected. OCTA OC STREETCAR FUNDS (OCTA OC STREETCAR FUNDS) — Orange County Transportation Authority (OCTA) funds allocated for the OC Streetcar Project. PARK ACQUISITION & DEVELOPMENT FUNDS (A & D) — Any person adding a net increase in residential units or converting apartments to condominiums in the City is charged a Residential Development Fee. These fees are used for the acquisition, construction, and renovation of park and recreation facilities. The City Council has established a standard of two acres of park and recreation facilities per one thousand (1,000) population in the City. Fees vary depending on the type and number of residential units. Fees are paid at the time of application for a building permit, and no building permit is issued until such fees are paid.