Measure M2 Performance Assessment
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Measure M2 Performance Assessment March 31, 2011
description
Measure M2 Performance Assessment. March 31, 2011. The End of One Era – M1 Sunsets. Measure M1 - approved November 1990 Collection of tax sunsets March 31, 2011 More than $4 Billion in improvements Widened almost all freeways, improved many streets and roads, and brought - PowerPoint PPT Presentation
Transcript of Measure M2 Performance Assessment
Measure M2 Performance Assessment
March 31, 2011
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The End of One Era – M1 Sunsets
Measure M1 - approved November 1990 Collection of tax sunsets March 31, 2011 More than $4 Billion in improvements Widened almost all freeways,
improved many streets and roads, and brought Metrolink to OC
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The Beginning of a New Era – M2
Built on success of M1 30-year plan approved November 2006 Collection begins April 1, 2011 Revenue forecast - $ 15 billion Five-year Action Plan jump-started many
projects Plan of Finance to advance projects
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M2 – Action Plan Progress Report
Freeways SR-91, SR-57 and I-5
Streets & Signals Call For Projects
Transit Quiet Zones, ARTIC and Community Circulators
Environmental Property Acquisition; Water Quality Grants
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2006 - 09 Performance Assessment
Included in M2 Ordinance No. 3 as a safeguard Must be conducted every three years Evaluates:
efficiency , effectiveness, economy, & program results of OCTA in satisfying requirements
OCBC/Oftelie Company conducted first assessment covering 2006 to 2009 Completed in December 2010
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Assessment Parameters
Progress of OCTA against nine objectives Changed economic conditions since 2007
Action Plan adoption Management & oversight OCTA’s ability to deliver
promises made in Action Plan through 2011
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Key Findings
OCTA’s aggressive early steps have been successful
Substantial progress made in achieving the Action Plan’s 9 objectives
Navigated constantly shifting economy
18 comments on appropriateness of actions or recommendations
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Comments
Financing Consider other financing sources if appropriate Focus of necessary size of borrowing
Transparency Regular reporting Measure M web portal
Project Controls Dashboard
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Comments
Delivery of major projects I-405, Orangethorpe Grade Separations
Improved Internal Controls M Program Management Office Project Cost accounting
Timing of future Triennial Performance Assessments
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Next Steps
Incorporating comments into M2 implementation
Tracking progress with OCTA’s Transportation 2020 Committee
Releasing RFP for 2009-12 assessment by spring 2012
