HomeMy WebLinkAboutMichelle Schumacher (TCA) From: Michelle Schumacher
To: Michelle Schumacher
Subject: Public Comments for the Next Meeting
Date: Sunday,April 18, 2021 11:38:02 AM
I ask for your support in reducing a significant tax on all residents that often times
goes unnoticed.
Are you aware that the Transportation Corridor Agency ("TCA") has taxed OC
homeowners to the tune of$754 Million Dollars since is was established in 1987.
This tax comes in the form of Development Fees that are assessed on new
residential & commercial properties built or remodeled in OC.
The TCA Formed in 1987 with the explicit purpose of constructing the Toll Roads.
At the time that the TCA was established bonds were issued to pay for construction
of these the Toll Roads.
The promise made by the TCA at the time was that the debt taken on by the TCA
for construction of these new Toll Roads would be paid off through a combination
of Development Fees & Tolls collected.
100% of the debt was to be paid off and the Toll Roads were supposed to become
Freeways after 30 years.
The TCA has horribly mismanaged & squandered these silent taxes paid for by your
constituents.
Not only are the Toll Roads not Freeways, but the TCA is still owes over $4.7
BILLION for construction. This is a dereliction of duty & a travesty for OC
Taxpayers.
By the time the bonds are repaid it will cost 11 Billion - the debt is going in the
WRONG direction.
The TCAs new Vision Plan demonstrates serious mission creep and is trying to
become a regional bank.
It is time to the TCA solely focus on paying down the bonds, instead of driving up
housing & the cost of business with these empty toll roads.
Please make them pay down the bonds and get traffic moving.
OCTA & Caltrans can do what is needed there is no need for this redundant
wasteful agency. Tax payers deserve better. The TCA spends hundreds of Millions
of Dollars regularly on contracts outside of our state, if they want Orange County
Tax payers to be able to afford the ever increasing tolls they need to be more
mindful and keep the money in California. Stop the hemorrhage to taxpayers with
these economically discriminating toll roads.
Thank you