DISTRIBUTION OF MEASURE B FUNDS - Laserfiche WebLink

~ttach~nt ~ Annually, 17.78% - 18.9% of the total revenue generated by the sales tax will be allocated to the fourteen cities and the County for the ~..~ovement of local transportation including streets and roads. The distribution of the funds will be based on utilization of the Mayors Conference Formula for gas tax and the following: A. Years 1-5 1. 10.3% of the annual revenue will be allocated to all the cities 2. 7.48% of the annual revenue will be allocated to the North County cities only. B. Years 6-15 1. 10.3% of the annual revenue will be allocated to all the cities and the ~ty. 8.6% of the arm,~l revenue will be allocated to the North C~mty cities until the North cities have r--~-hed a ceiling of $159 million. When that point is reached, the allocation will return to its original 7.48%. The Mayors Conference Formula for 9as tax divides the money based 50% on population and 50% on road miles. North cities include Albany, Alameda, Oakland, Piedmont, Berkeley, Em~ryville and San Leandro. South cities include I~5~mrd, Newark, Union City, Fr~nont, Livermore, Pleasanton and Dublin. These funds will be available to jurisdictions for street and road maintenance as well as other transportation projects. This is meant to include tr~isit projects. One particular project has bean raised for consideration: The LAV~% Bus Terminal Facility. This facility is empected to cost ~l~oximately $4 million to cc~lets. The only sales tax money usable on this project would be that allocated to the cities and county for local projects. Section 4 of Proposition 13 requires that s,,h~tantial new tax revenues not pretty u=es ause of Proposition 13. Since under the Expenditure Pla~ substantial revenues will flow to local governments and jurisdictions, the County's Special Counsel has advised that the Expenditure Plan include language similar to that included in Section