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Committee advances LADOT ordinances to update review fees and create a Mobility Investment Trust Fund
Summary
The committee advanced two ordinances from the Los Angeles Department of Transportation to update project review fees and to consolidate funds into a new Mobility Investment Trust Fund; staff said the changes are intended to recover costs and align funding with mobility goals.
The Budget and Finance Committee considered two ordinances from the Los Angeles Department of Transportation (LADOT) on June 17 that would (1) update LADOT project review fees and (2) create a Mobility Investment Trust Fund to consolidate several transportation-related fiduciary funds.
Rose9cil Cipinalkozygan of LADOT's policy division summarized the ordinances and said the fee updates reflect service changes since the last fee update in 2014 and capture new review services. "Los recargos fueron actualizados en 2014 y tienen que ser actualizados para capturar nuevos servicios de…
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