By Mark Ridley-Thomas, November 15, 2010
The Metropolitan Transportation Authority’s money must be carefully watched. With literally billions of public dollars flowing through Metro’s fingers, the need for careful financial controls, and for fairness in Metro contracting, is greater than ever before.
Sensing intolerable traffic congestion, mounting concerns for global air quality and renewed interest in urban living, a unique coalition of business, labor and public sector voices joined with the electorate to sponsor and fund Measure R.
This half-cent-per-dollar sales tax is dedicated exclusively to transportation. Under Mayor Antonio Villaraigosa’s “30/10” initiative to build 30 years of rail and highway improvements in 10 years, the critical path is now implementation, and a crucial element on that path will be Metro’s ability to manage its financial affairs.