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Local Transportation Fund Distribution - Accountant Jensen
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Requested Action(s)
recommendation
Approval and authorization for the Executive Director to distribute Local Transportation Funds (LTF) to the Cities of Red Bluff, Corning, Tehama and County totaling $963,448.68.
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Financial Impact:
None.
Background Information:
LTF: The Transportation Development Act (TDA) legislation was passed by the state to provide funding to counties for transit and non-transit-related purposes. This legislation improves existing public transportation services through a regional transportation plan. The Local Transportation Fund (LTF) is derived from a 1/4-cent general sales tax, and counties may use LTF for local streets and roads projects if all transit needs are met.
Following the annual Unmet Transit Needs Process, the amount of available funding for regional road funds is determined. This year, that distribution has been determined to be $963,448.68. This total was reached following the deduction of the cost of the transit program from the prior year's fund distribution, as TDA funding prioritizes transit first, with no more than 50% of remaining funds eligible for use on local streets and roads.
TDA guidelines may be located at:
<https://dot.ca.gov/-/media/dot-media/programs/rail-mass-transportation/documents/f0009844-tda-07-2018-a11y.pdf>.