This Friday, VTA will hold a board workshop to discuss a "new" expenditure plan. At the workshop, the VTA staff will also present a financial analysis of the plan the board adopted June 2006. The analysis concludes:
"The evaluation shows that the additional revenue from a ¼-cent sales tax is insufficient to produce a solvent financial plan with the project schedules as adopted by the Board in June 2006."
It really doesn't have to take an outside consultant to know that the 1/4 cent sales tax increase wouldn't work. If the 2006 Measure A were not defeated, VTA would certainly be looking for another sales tax increase sometime in the next few years.
Despite reality, don't expect the VTA Board to do anything different. One of the elements in the proposed policy guidance is:
"Implement the Intent of Measure A
Includes only those projects in the Plan that have been approved by voters in the measure."
The 2000 Measure A was a complete disaster. Any proposed policy based on that Measure A will also be a complete disaster. It is time for VTA to start with a clean slate. Perhaps the VTA board should instead receive a history lesson on how this ill-conceived 2000 Measure A got pushed with false promises and rosy tax revenue projections.
VTA Riders' Union meeting
On the day before the VTA Board workshop, VTA Riders' Union will be holding a meeting at 6pm at Center for Training and Careers (CTC) on 1600 Las Plumas Avenue. One of the topics to be discussed is the lack of public outreach for the uninspired VTP 2035.