La Habra Heights Sells Prop. A Funds
- Share via
GLENDALE — The City Council on Tuesday approved buying more than $1 million in Proposition A transportation tax allotments from other cities at about half price.
The purchase is part of a fund drive for a commuter hub at the historic Southern Pacific Railroad Depot, 400 Cerritos Ave.
The city agreed to pay La Habra Heights and La Puente 55 cents on the dollar for $900,910 in restricted transit funds. The council also increased its offer to Lawndale to buy $100,000 in Prop A funds for $52,000, a rate of 52 cents on the dollar.
Smaller cities often sell their restricted Prop. A allotments for unrestricted cash to help pay for needed city services.
La Puente will receive $385,000 for $700,000 in Prop. A funds, and La Habra Heights will get $110,500 for $200,910 in transit taxes.
In July, Lawndale rejected Glendale’s offer to pay a 47.5% rate for transit funds.
Glendale last month bought almost $1 million in Prop. A money from Cerritos and La Canada Flintridge at almost half price.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
