Measure I asks voters whether the Sonoma-Marin Area Rail Transit District (“SMART”) should extend its existing ¼-cent sales tax for an additional period of 30 years through March 31, 2059. Measure I was placed on the ballot by unanimous vote of the SMART Board of Directors.
SMART is a rail district created by the Legislature in 2003 to evaluate, plan, and implement passenger rail service from Cloverdale in Sonoma County to the Larkspur Ferry Terminal in Marin County. The geographic area of SMART includes all of Sonoma and Marin Counties.
Voters approved the existing ¼-cent sales tax in November 2008. Over the past 10 years, the tax has funded the construction and commencement of operation of a commuter rail transit system that extends from Larkspur in Marin County to Airport Boulevard in Sonoma County. The current tax will expire in 2029. If approved, Measure I would extend the tax (with no increase in rate) for an additional 30 years, providing approximately $40,000,000 annually. The tax would continue to be collected as it is now, in the same manner as state-imposed sales tax.
Measure I would also update the existing Expenditure Plan, which governs how the funds raised by the tax can be spent. Since Measure I continues a special purpose tax, monies collected will be placed in a special fund and may only be spent only for the purposes set forth in the Expenditure Plan, which is incorporated into the full text of the measure. These purposes include: providing for the ongoing operation, maintenance, and financing of the current system; refinancing existing debt service; enhancing and prioritizing safety, education, and community outreach programs; and funding capital projects that will provide for and increase the existing level of service, operation, and future expansion of both the passenger and freight rail train system and ancillary bicycle/ pedestrian pathways in Sonoma and Marin Counties. Measure I would continue the accountability safeguards in the existing tax which include annual audits by an independent accountant and independent oversight by a Citizens Oversight Committee established by the Board of Directors.
Measure I would also authorize SMART to reissue or restructure its existing revenue bonds, pursuant to Public Utilities Code section 105220, to expedite the commencement of the expanded passenger train service, bicycle/pedestrian pathway, and related transit improvements.
The tax proposed by Measure I will become effective only if approved by a two-thirds majority of those voting on the measure.
A “yes” vote on Measure I will authorize SMART to extend the existing tax through March 31, 2059.
A “no” vote on Measure I will prohibit SMART from extending the tax, and the existing tax would continue in effect until March 31, 2029.