Measure R Independent Taxpayer Oversight Committee
Measure R is a half-cent sales tax for Los Angeles County to finance new transportation projects and programs, and accelerate those already in the pipeline. All Measure R funds will be spent in accordance with the plan approved by voters. There will be an annual independent audit and report to taxpayers and ongoing monitoring and review of spending by an independent taxpayer oversight committee.
The Committee meets at least twice each year to carry out the purposes of the Measure R Ordinance. All meetings of the committee shall be held in compliance within Los Angeles County. All meetings of the Committee shall be held in compliance with the provisions of the Ralph M. Brown Act (Section 54950 et seq. of the California Government Code).
The Committee reviews the results of the audit performed pursuant to Section 8(a) of the Ordinance and make findings as to whether Metro has complied with the terms of the Ordinance. Such findings shall include a determination as to whether recipients of Net Revenues allocated to the Local Return Subfund have complied with this Ordinance and any additional guidelines developed by Metro pursuant to Section 9(b).
The Committee prepares an annual report to the Metro Board of Directors presenting the results of the annual audit process and any findings made. The report shall include an assessment of the consistency of the expenditures of Sales Tax Revenues with the Ordinance, including Attachment A. The Committee shall cause a summary of the report to be published in local newspapers and the entire report and annual audit to be made available to every library located within Los Angeles County for public review. The Committee shall hold a public hearing on each audit and annual report and shall report the comments of the public to Metro.
The Committee reviews any proposed amendments to the Ordinance, including the expenditure plan, and make a finding as to whether the proposed amendments further the purpose of this Ordinance.
The Committee reviews all proposed debt financing and makes a finding as to whether the benefits of the proposed financing for accelerating project delivery, avoiding future cost escalation, and related factors exceed issuance and interest costs.