Subject
title
Measure M2 2024 Update: Next 10 Delivery Plan
overview
Overview
The Measure M2 Next 10 Delivery Plan aims to strategically deliver Measure M2 freeway, roadway, transit, and environmental projects. A comprehensive review of the M2 Next 10 Delivery Plan was recently conducted to incorporate updates to the Measure M2 sales tax revenue forecast, external funding assumptions, and project information. As a result of this review, staff has prepared the 2024 update of the Measure M2 Next 10 Delivery Plan. The 2024 update verifies the realization of Measure M2 near-term commitments through fiscal year 2033-34, maintains fiscal sustainability, and strives to deliver transportation benefits expeditiously to the benefit of the Orange County community. The draft update is presented to the Board of Directors for review and approval.
recommendation
Recommendation(s)
A. Adopt the 2024 Measure M2 Next 10 Delivery Plan.
B. Direct staff to continue to work with Metrolink to develop a financially sustainable service plan.
C. Direct staff to continue monitoring revenue and project cost shifts that could affect the delivery plan and, if necessary, report to the Board of Directors with changes.