Speaker 1: Motion carries unanimously of 13. Communication from Councilman Austin. Chair State Legislation Committee Recommendation to adopt. And support position as position SB 16 bill, a state proposal that will provide a new temporary funding source for state and local, street and road projects.
Speaker 0: Council Bros.
Speaker 3: Thank you, Mr. Mayor. I'm pleased to bring before you an item from the State Legislation Committee, which we we supported in committee and encouraged your support as well. This is this bill we believe is going to be very good for Long Beach in terms of our infrastructure, addressing our important infrastructure needs. The League of California Cities has voted unanimously to support this particular bill, that it is a priority bill working its way through the state legislature. And essentially, in a nutshell, it will provide a windfall of resources for the city of Long Beach and many other municipalities, all of the municipalities throughout the state of California, as well as funding for local highways to the tune of a $3 billion raise over a five year period to Long Beach. That means a windfall of 50 to $60 million or 10 to $12 million a year for infrastructure needs. Currently, we contribute, I think, appropriate about $5 million a year toward infrastructure needs. So if this bill is successful in Sacramento, it will mean that we more than triple our infrastructure, our ability to address infrastructure needs, and we know we have them in every district in the city. And so with that, I want to ask for a staff report for Diana Ting and obviously ask for your full support on this . I'm going to make the motion.
Speaker 0: There's a motion. Can I get a second, please? Okay. Second, but Councilwoman Gonzalez.
Speaker 2: Mayor, members of the city council, Councilmember Austin covered most of the pertinent details about SB 16. It is a five year increase in an excise tax on gasoline and diesel, as well as an increase to the vehicle registration fee. And the funding, again, will fund local streets and roads as well as the state highway system and its for Long Beach assessment shows that we invest an average of $5 million a year in this in our local streets and roads. And as the bill is written now, we would be receiving about an extra 10 to 12 million a year that we wouldn't otherwise receive.
Speaker 0: Thank you, Councilman Mongo.
Speaker 5: Thank you. I want to speak to the community a little bit about how this bill actually really levels the playing field and helps put the tax burden of infrastructure on the people who are using it the most. I am one and several other of my colleagues who drive hybrid and electric and electric vehicles. And so this transition really allows the consumers of the most use of the road to take on an additional burden by leveling the playing field through not just gasoline tax, but really the VLF on the electric and hybrid vehicles. And while I am not supportive of higher taxes, I am supportive of correcting the taxation ratios to ensure that those who use the most are the ones who pay the most. And so I'll be supporting this idea.
Speaker 0: Councilor Austin.
Speaker 3: Thank you. I call for the question.
Speaker 0: I just want to just make one note before the council votes. Council member this, in my opinion, is going to be one of the top priorities for cities across the state of California this year. Quite frankly, we as a city and a community need to put our full weight behind getting this done in Sacramento. There are a lot of bills in the pipeline and probably very few that are more important for cities, in particular Long Beach, than the bill that's in front of us today. The truth is, is every time that we look at our at the bottom line in our budget and ask why we can't do more for infrastructure, why we can't get more streets and sidewalks built, why neighborhood streets are falling apart because we don't have the resources from both both Sacramento and Washington, DC. This is an attempt by Sacramento to give us some flexibility for a set number of years to be able to go after really significant infrastructure change. And so we're I know I personally am pretty excited about this. I intend to be in Sacramento often on this as I know well, our our committee our legislative committee in Sacramento as well. So I think this is very exciting legislation. And I want to thank Senator Bill as well as our state senator, Ricardo Lora, who is very active on this bill as well on on this issue. So I look forward to us being able to get this done and see a lot of dollars come back to Long Beach. Is there any public comment on this bill? CNN. Please cast your votes.
Speaker 1: Motion passes unanimously.
Speaker 0: Thank you. Next up, item 14.
Speaker 1: Report from Financial Management. Recommendation to award a contract to Bank of America Public Capital Corporation to provide master lease services in an amount not to exceed $111 million citywide.
Recommendation to adopt a support position on SB 16 (Beall), a State proposal that will provide a new temporary funding source for state and local street and roads projects.