It’s likely that Los Angeles voters approved two ballot questions that would earmark billions to address traffic tie-ups and homelessness, the Los Angeles Times reported.
The measures would provide funds to building many new rail lines and creating new permanent housing for the homeless. In order to become law, the two questions must be approved by a two-thirds majority. Final ballots were expected to take a few days to be counted, but it appears that the measures have been approved, the Times says.
The ambitious housing plan calls for borrowing $1.2 billion to construct homes. The money would be used to speed up construction of permanent supportive housing for chronically homeless people. Dedicated bonds would be repaid via a new property tax of about $9.64 for each $100,000 in assessed valuation each year over 29 years.
The transportation measure would raise county sales tax by a half-penny, generating about $120 billion over four decades for new highway projects, and expanded bus and rail lines, including boring rail tunnels through the Sepulveda Pass.
Related Stories
Codes and Standards | Oct 2, 2018
Political will, tougher standards needed to reach carbon neutral goal
Stretch codes, more stringent credentials for designers, contractors, and inspectors may be needed.
Codes and Standards | Sep 27, 2018
Natural light is the most prized office perk
Employees crave sunshine and views of the outdoors more than cafeterias, fitness centers, and childcare.
Codes and Standards | Sep 26, 2018
Industry consensus needed for multifamily energy efficiency retrofit approach
Choice of insulating materials can impact indoor air quality, resident health.
Codes and Standards | Sep 25, 2018
New market forces disrupting global real estate development industry
Executives concerned about trade policy, labor shortages, approval processes.
Codes and Standards | Sep 21, 2018
More than 130 organizations petition OSHA to create heat protection standard for workers
Includes mandatory rest breaks, heat-exposure monitoring, record-keeping injury requirement.
Codes and Standards | Sep 20, 2018
North Carolina law banning use of recent climate science could worsen Hurricane Florence impact
Policies may have undermined ability to make coastal regions more resilient.
Codes and Standards | Sep 19, 2018
AIA endorses building owner participation in cap-and-trade programs
Would spur more energy conservation in buildings and cut carbon emissions.
Codes and Standards | Sep 18, 2018
ConsensusDocs Coalition publishes new Lean Addendum
Industry-first document to facilitate lean tools without need to sign multi-party IPD agreement.
Codes and Standards | Sep 14, 2018
IAPMO seeks comments on proposals for 2021 plumbing and mechanical codes
Deadline is Jan. 3, 2019.
Codes and Standards | Sep 13, 2018
As ICC prepares to vote on codes for tall wood buildings, opposition is still strong
Influential body will vote in October on new provisions to allow 18-story wood-framed structures.