Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

This is an archival story that predates current editorial management.

This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.

News

Which Way to Funding?

Before you read more...
Dear reader, we're asking you to help us keep local news available for all. Your tax-deductible financial support keeps our stories free to read, instead of hidden behind paywalls. We believe when reliable local reporting is widely available, the entire community benefits. Thank you for investing in your neighborhood.
5b2bdb414488b3000926bad5-original.gif

Today, in his weekly city hall column, Steve Hymon takes on funding that darn 'Subway to the Sea.' It's projected to cost a dazzling $5-billion and we can't seem to find a tree that grow this amount of money. Here are the funding ideas Hymon uncovers:

  • The feds tend to contribute half, but some say they won't if the next bullet item is not repealed.
  • In 1998, voters declined the government to use local sales tax for subway tunneling.
  • Councilman Tom LaBonge wants sales tax to go towards it, but also is exploring a parcel tax.
  • Councilman Jack Weiss is wanting a public/private partnership to build the subway.
  • A sales tax increase of a half penny would bring in $500 million a year towards transit projects. But we already have one of the highest sales tax percentages in California as it is.

It will be interesting to see how this one plays out., We suspect the public won't be hearing too much on other tax initiatives from the city until after ballots are cast on February 5th's presidential primary ballot that includes the contentious Phone Tax proposition.

Image of possible alignments/routes for the 'Subway to the Sea' and Expo Line Phase II by Metro