Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves exchange of Prop A transit funds at discount, asks staff to seek better offers and report uses of remaining funds
Summary
The council approved selling $2 million in Prop A funds in exchange for $1.5 million for general fund use, and directed staff to seek higher offers and return with options for using about $16 million in restricted transit funds.
The West Covina City Council voted May 20 to approve an exchange of Proposition A funds, authorizing staff to sell $2 million in Prop A local return funding in return for $1.5 million in general fund dollars.
The exchange drew questions from residents and councilmembers during discussion. Public commenter Doug Ford and several councilmembers asked whether staff had sought competing buyers and whether the city was getting the best price for the funds. Staff reported the dollar-for-dollar exchange is a common practice…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
