OCTA header

Public Comments
Public comments may be submitted pursuant to the instructions noticed in the meeting agenda, which will be available at least 72 hours prior to the meeting.

Live and Archived Audio
NEW: Listen to the live and recorded Board and Committee meetings in the "Video/Audio" column below.

 
File #: 20-2509   
Type: Orange County Local Transportation Authority Item Status: Passed
File created: 2/12/2020 In control: Finance and Administration Committee
On agenda: 10/14/2020 Final action: 10/26/2020
Title: 2020 Measure M2 Sales Tax Forecast
Sponsors: Sam Kaur, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A

Title

2020 Measure M2 Sales Tax Forecast

 

Overview

The Orange County Transportation Authority contracts with MuniServices, LLC and three universities to forecast Measure M2 taxable sales. Within the past six months, MuniServices, LLC and the three universities have each provided updated forecasts and staff has incorporated the new information into the annual update for the long-range forecast of Measure M2 taxable sales.

Recommendation(s)

Direct staff to determine the impacts of the updated forecast to Measure M2 programs and projects and return to the Board of Directors with options to address the decrease in projected sales tax revenue.