Flanked by elected and appointed city officials, Mayor Eric Garcetti announced a handful of initiatives and reforms that would increase city revenue for road repaving by nearly $50 million a year at the “under reconstruction” corner of National and Barrington Boulevards in West Los Angeles.
“All told, we are going to pay another 200 miles of road, every year, on top of the 200 miles of road in this year’s budget,” Garcetti stated. “That’s 400 miles extra more of road paved every single year.”
Garcetti outlined plans that would allow the city to recapture and save funds in a variety of ways.
First, Garcetti pledged that the city will refurbish and upgrade its asphalt plant in South L.A. The improved plant will operate more efficiently, be able to recycle used and broken asphalt and even be better for the environment.
Later today, Counclmember Joe Buscaino will introduce legislation that will require all private parking garages to accept credit cards. 10% of revenue from private parking is supposed to be returned to the city. While he didn’t say that he thinks that parking garage operators are lying, he did point out that there is more of a paper trail when someone swipes a card rather than when they hand over cash.
That paper trail could lead to another $20 to $25 million for the city, which Garcetti pledged would go right back into increasing the city’s road reconstruction program.
The last area that the city could improve, is the formula it uses to charge private companies when they rip up the street: usually cable or telephone companies. The city created a formula in 1996 to estimate the reimbursement a private company should pay the city. Over the years, the formula hasn’t been tweaked, and Garcetti seems anxious to make sure that L.A.’s taxpayers aren’t being charged to fix a street that was intentionally destroyed by a private interest.
The total increase in revenue could be “around $10 million.”
Here’s the entire press conference w/Garcetti, Buscaino, Galerpin and Bonin Read more…