The Los Angeles Area Chamber of Commerce supports the decision of the Los Angeles County Metropolitan Transportation Authority (Metro) to place a half-cent countywide sales tax initiative on the November 4, 2008 election ballot to fund vital transportation and transit infrastructure projects throughout the county.
With proper planning and oversight, the half cent sales tax can generate up to $40 billion in new revenue over 30 years for much-needed transportation projects in our region ranging from light-rail, to rapid bus service to highway improvements. This level of investment is essential to improving the region’s mobility and strengthening our local economy.
The L.A. Area Chamber applauds Metro for including significant oversight provisions in the initiative, which will help ensure that taxpayer dollars are spent wisely and on the projects for which they were intended. The L.A. Area Chamber feels strongly that the final ballot initiative must include clear project priorities and funding guidelines to ensure project stability and completion.
While extending mass transit should be the primary focus of the sales tax revenue, the L.A. Area Chamber supports a minimum of 20 percent allocation of revenues for road and highway improvements. These improvements are necessary to alleviate congestion hot spots and improve goods movement throughout the region.
The L.A. Area Chamber supports placing the half-cent sales tax onto the November ballot, putting the final decision in the hands of voters this fall.
The Los Angeles Area Chamber of Commerce represents the interests of business in L.A. County. Founded in 1888, the Chamber promotes a prosperous economy and quality of life in the Los Angeles region. For more information, visit www.lachamber.com.