The OCTA Board approved the Measure M Next 10 Delivery Plan on November 14, 2016. This comprehensive plan was developed to ensure the promises made in the Measure M2 Investment Plan can continue to be delivered despite changing economic and revenue shortfall impacts. The Next 10 Plan takes into account current cash flow forecasts, project information and schedules, and outlines 10 key milestones to be delivered in the next 10 years.
When the M2 Investment Plan was initially developed, forecasts projected M2 sales tax revenue available for projects and programs at $24.3 billion. Since the Great Recession in 2008, sales tax revenue has dropped by $10.1 billion and is now projected at only $14.2 billion. Continue reading