FROM:
Scott Schneider, Assistant Public Works Director
SUBJECT:
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Senate Bill 1 (SB1) Gas Tax Funding Project List
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RECOMMENDATION
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That the Town Council adopt the attached Resolution approving the 2022-2023 Senate Bill 1 (SB1) Project List to be included in the Fiscal Year 2022-2023 Budget for roadway improvements.
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BACKGROUND AND DISCUSSION
On April 28, 2017, the Governor signed Senate Bill 1 (SB1), to address the significant funding shortfalls for transportation state-wide. SB 1 increased vehicle registration fees along with per-gallon gas and diesel taxes.
Distribution of funds to San Anselmo will follow the apportionment formula used for the current gas tax. Funding will be available for basic road maintenance, rehabilitation and critical safety projects on local streets and roads. SB1 requires annual project reporting, which includes submittal of a list of proposed projects (Project List) that is adopted by Town Council Resolution. The Project List must include a description and location of the project, a proposed schedule of completion and an estimated useful life of the improvement. The 2022/2023 Fiscal Year (FY) Project List is due to the California Transportation Commission by July 1, 2022, and Expenditure Reports are due by December 1.
In addition, the Town is also required to sustain a Measure of Effort (MOE) by spending at least the annual average of its General Fund expenditures during FY 2009/2010, 2010/2011, and 2011/2012. ($730,759 average per year). The current Town budget reflects a MOE of above this level.
The streets listed in the table below in the Project List are included in the Town's 5-Year Capital Improvement Program. The funding from SB1 will supplement the existing funding sources for this paving project. The Project List includes the street expected to be paved in summer/fall 2022 as part of 2022 Pavement Resurfacing Project.
FISCAL IMPACT
The revenue to be distributed to San ...
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