• June 8, 2020

Proposition A Assessment Sunsets – Grants Remain in Perpetuity

Proposition A Assessment Sunsets – Grants Remain in Perpetuity

Proposition A Assessment Sunsets – Grants Remain in Perpetuity 150 150 RPOSD

 
Proposition A benefit assessments officially ended on June 30, 2019. Proposition A grants projects will remain in perpetuity per contract agreement with RPOSD and continue to be eligible for our Maintenance and Servicing Program (M&S), though M&S funds allocated under Proposition A must be fully expended prior to application for M&S funds under Measure A.

Even while Proposition A has sunset from Property Tax Bills across Los Angeles County, RPOSD is responsible for administering excess funds accumulated over the last 26 years. These Excess Funds were accumulated by the assessment revenues collected pursuant to Proposition A investment earnings and any other revenues of RPOSD as determined by financial auditing (excluding bond proceeds or any other evidences of indebtedness, but including collections of delinquent assessments and interest and penalties thereon). Proposition A (1992 and 1996) established that excess revenue generated from the direct assessment be available for Capital Projects as well as Maintenance and Servicing until funds are depleted in the annual plan of revenues and expenditures. The Los Angeles County Board of Supervisors (serving as RPOSD’s Board of Directors) via administration by RPOSD, prioritize and determine acceptable use of excess funds through an annual competitive application process for cities and unincorporated areas within Los Angeles County to apply (see Section 24(b) of Proposition A (1996), which provides full details on how excess funds are calculated and disbursed).
 
Proposition A M&S Measure A M&S

 
Previous Event | Back to Timeline | Next Event