I. RECOMMENDATION:
Financial Services Director recommends City Council accept the Local Transportation Development Act Funds Audit Report for the Fiscal Year Ending June 30, 2024, and 2023
II. BACKGROUND:
California's Transportation Development Act (TDA) of 1971 (SB 325) provides crucial, ongoing state funding for public transit, specialized services for disabled riders, and, in some cases, local street/road maintenance. It is funded via a $0.25 statewide sales tax (Local Transportation Fund) and a sales tax on diesel fuel (State Transit Assistance). This law provides funding to be allocated to transit and non-transit related purposes that comply with regional transportation plans.
The TDA consists of two main streams for its funding sources: the Local Transportation Fund (LTF), derived from a $0.25 general sales tax, and the State Transit Assistance Fund (STA), derived from a sales tax on diesel fuel.
- Purpose: The funds are primarily used for public transportation, bus/rail projects, and bicycle/pedestrian facilities.
- Usage Flexibility: In California counties with populations under 500,000, LTF funds can be used for local street and road projects if all "reasonable to meet" transit needs are fulfilled California Department of Transportation.
- Administration: Fresno Council of Governments is responsible for administering the funds within Fresno County. The funds are allocated based on population, taxable sales, and performance metrics.
III. DISCUSSION:
IV. ALTERNATIVES:
None
V. FISCAL IMPACT:
None | | |