What proposal is being bandied about to improve local transportation funding in California? incremental sales tax for counties to raise transportation revenue
What are the recommended benchmarks for a local transporation incremental sales tax in California?
- Flexibility & Inclusiveness. Need local sales tax authority that can adapt to changing transportation needs
- Clear bonding authority. Leverage the sales tax revenue for bonds & other financial mechanisms
Sound familiar? Local TIRZs for transportation funding have been or are being created in South Padre and Weatherford, TX.
Orrick | Sales Tax Revenue Bonds Provide Critically Needed Transportation Funding Source