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OCTA to Keep M2 Promises Despite Lower Sales Tax Projections

OCTA to Keep M2 Promises Despite Lower Sales Tax Projections

Now in its 26th year of successfully delivering Measure M projects and programs (through Measure M1 and Measure M2), OCTA continually monitors the M2 Investment Plan to assure that promises made to Orange County taxpayers become promises kept. Measure M is Orange County’s half-cent sales tax for transportation improvements.

Recent economic forecasts prompted OCTA to update its Measure M Next 10 Delivery Plan (Next 10 Plan), which was originally developed last year to ensure projects can be delivered despite the impact of changing economic conditions and revenue shortfalls.

Now in effect, the Updated Next 10 Plan addresses the latest reduction in sales tax revenue projections. The 2017 M2 sales tax forecast decreased by $700 million from the projections in the original Next 10 Plan (through 2041) to $13.5 billion. The Updated Next 10 Plan incorporates current revenue projections, bonding assumptions, project costs and schedule, and identified adjustments needed to ensure continued delivery of the complete M2 Plan.

To learn more about the Updated Next 10 Plan, click here.

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