Current external funding commitments are assumed in the M2 cash flow for the 2023 Next 10 Plan, but prospects of future revenues for highway projects are low. 3 ; Potential for an environment of increasing cost for M2 capital projects. The spring 2024 update of

Phone (714) 560-OCTA (6282) Business Hours Monday - Friday 8:00 a.m. - 5:00 p.m. Street Address 550 S. Main Street Orange, CA 92868

$14.8 billion in new funding for freeway, regional/local streets and roads, and transit improvements until 2041. • Owner and operator of the 91 Express Lanes with nearly 20 million vehicle trips in FY 2022-23. Owner and operator of the recently opened 405 Express Lanes.

new one-time federal funding for transportation projects, the majority of federal legislation related to the appropriation of federal funds for transportation projects and programs. For example, the Moving Ahead for Progress in the 21 st Century Act (MAP-21) provided $18.8 billion to fund federal transportation programs until September 30, 2014

Since 1991 OCTA has kept residents and commuters moving throughout Orange County by bus, freeway, rail, bike, walking, and rideshare programs. Our projects and programs improve safety and efficiency on our local roads, provide bus service and regional multimodal connections, help people find ways to leave their cars home, and provide safe, convenient transportation to those with special needs.

Project U Funding and Policy Guidelines November 2018 1.0 Overview The Measure M2 (M2) Project U – Senior Mobility Program (SMP) provides funding to support local, community-based transportation service for seniors. Originally established in 2001 using limited state funding for bus operations, M2 Project U

The Citizens Advisory Committee (CAC) actively participates in helping examine traffic solutions, providing input to OCTA’s transportation studies and communicating with their constituencies.During the year, committee members are asked to participate in roundtable discussions and hear special presentations on various transportation projects, programs and services.

Funding Priorities 1. Capital 2. Operating (Existing Services Only and Mobility Management) Eligible Project Categories and Availability of Funds Funds will be available for two categories and distributed to organizations and agencies serving Orange County based on the funding priorities above. Project Category Funding availability

Funding Distribution 4 1% Admin Cap 1.5% CDTFA. M2 Delivery Plans •Keep the promise •Deliver improvements early •Maximize investment value •Ensure transparency •Balanced approach 5. M2 Freeway Program 6. M2 Streets and Roads Program •Regional Capacity Program

OCTA will continue to work with local, state and federal partners and explore all funding options. At the same time, OCTA is working on the Coastal Rail Resiliency Study, meeting with groups of stakeholders in individual listening sessions to discuss the study and get input all along the way.