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03
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2015
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061615
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03
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8/18/2015 11:50:59 AM
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6/9/2015 3:55:03 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
6/16/2015
DESTRUCT DATE
15Y
DOCUMENT NO
3
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from the $100 vehicle registration fee applicable to zero-emission vehicles, and weight <br /> fee revenues, in the State Highway Account, to be used for purposes of maintaining the <br /> state highway system or the state highway operation and protection program. <br /> (2) The Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of <br /> 2006 (Proposition 1B) created the Trade Corridors Improvement Fund and provided for <br /> allocation by the California Transportation Commission of $2 billion in bond funds for <br /> infrastructure improvements on highway and rail corridors that have a high volume of <br /> freight movement, and specified categories of projects eligible to receive these funds. <br /> Existing law continues the Trade Corridors Improvement Fund in existence in order to <br /> receive revenues from sources other than the bond act for these purposes. <br /> The bill would transfer revenues attribute $0.02 of the $0.12 increase in the diesel <br /> fuel excise tax and revenues attributable to $0.02 of the $0.12 per gallon storage tax <br /> on diesel fuel to the Trade Corridors Improvement Fund for expenditure on eligible <br /> projects. As with the remainder of the gasoline and diesel fuel tax increases imposed <br /> by this bill, the $0.02 per gallon portion of the diesel fuel excise tax increase would <br /> be inoperative in fiscal years in which the Road Maintenance and Rehabilitation <br /> Program in (1) is not reauthorized. <br /> (3) Existing law imposes a vehicle license fee, in lieu of property tax, on motor vehicles <br /> based on market value, at a rate of 0.65%. Pursuant to Article XI of the California <br /> Constitution, vehicle license fee revenues at the 0.65% rate are required to be allocated <br /> to cities and counties. <br /> This bill would incrementally increase the vehicle license fee to a rate of 1%, over a 5- <br /> year period beginning July 1, 2015, with the revenues above the 0.65% rate to be <br /> deposited in the General Fund and used for transportation general obligation bond debt <br /> service. <br /> (4) Existing law requires the Department of Transportation to prepare a state highway <br /> operation and protection program every other year for the expenditure of transportation <br /> capital improvement funds for projects that are necessary to preserve and protect the <br /> state highway system, excluding projects that add new traffic lanes. The program is <br /> required to be based on an asset management plan, as specified. Existing law requires <br /> the department to specify, for each project in the program, the capital and support budget <br /> and projected delivery date for various components of the project. Existing law provides <br /> for the California Transportation Commission to review and adopt the program, and <br /> authorizes the commission to decline and adopt the program if it determines that the <br /> program is not sufficiently consistent with the asset management plan. <br /> This bill, on and after February 1, 2017, would require the commission to make an <br /> allocation of all capital and support costs for each project in the program, and would <br /> require the department to submit a supplemental project allocation request to the <br /> commission for each project that experiences cost increases above the amounts in its <br /> allocation. The bill would require the commission to establish guidelines to provide <br /> exceptions to the requirement for a supplemental project allocation requirement that the <br /> Page 8 of 10 <br />
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