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Browse: Home / Budget, News, Projects / City expected to receive more than $2 million in Prop 42 funding

City expected to receive more than $2 million in Prop 42 funding

By mvlife on April 30, 2009

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Mission Viejo is expected to receive more than $2 million in Prop 42 funding over the next two years for transportation projects.

The City is expected to receive roughly $932,000 in 2009 and about $1 million next year in Prop 42 funds directly from the state along with an additional $230,000 through the County of Orange City Aid Program (CAP).

Prop 42, the Transportation Congestion Improvement Act, dedicates roughly 5 percent of state sales tax on gasoline to transportation projects. The City receives funding, which is allocated on a population-based formula, from the state each year. Every two years, the county through its CAP also distributes a portion of its state Prop 42 funding to cities for roadway-maintenance programs.

The City typically uses Prop 42 funds for its annual residential resurfacing program.

The City Council on Monday will consider entering an agreement with the county in order to receive CAP funding.

The council meets at 6 p.m. in Council Chamber at City Hall, 200 Civic Center.

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Posted in Budget, News, Projects | Tagged city of mission viejo, mission viejo information, mission viejo life, mission viejo news, mission viejo official blog, prop 42, transportation

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