Subject
title
Measure M2 Eligibility Recommendations for Fiscal Year 2024-25 Expenditure Reports and Maintenance of Effort Benchmark Adjustments
overview
Overview
Measure M2 Ordinance No. 3 requires local jurisdictions to annually satisfy eligibility requirements to receive Measure M2 net revenues. As part of this requirement, local jurisdictions submitted fiscal year 2024-25 expenditure reports to the Orange County Transportation Authority. Separately, maintenance of effort benchmark revisions are required for five jurisdictions, consistent with the Measure M2 Ordinance.
recommendation
Recommendation(s)
A. Approve 33 of Orange County’s 35 local jurisdictions (excluding the cities of Buena Park and Huntington Beach) as eligible to continue receiving Measure M2 net revenues.
B. Approve adjustments to the Measure M2 maintenance of effort benchmarks for the cities of La Habra, Laguna Beach, Laguna Niguel, Placentia, and Yorba Linda.