The following is a wrap-up of the February 4 City Council meeting. You may view the complete agenda here as well as a video of the meeting here.
City Council approves exchange of Proposition A funds
Proposition A is funded by a ½ cent sales-tax measure that was approved in 1980 by Los Angeles County voters with the City of San Gabriel receiving over $800,000 annually to help support public transit.
Approximately half of the funds are used to fund the City’s Dial-A-Ride and recreation transit programs each year. Since the City does not have other eligible projects under Proposition A, and because the City must use these funds within a three-year period, it has now accumulated a balance of $1 million in unspent Proposition A funds.
Foothill Transit has offered to exchange $1 million of the City’s Proposition A funds for $750,000 in revenue that may be transferred to the City’s General Fund revenue at a rate of $.75 for every $1.00.