About

Learn about Metro Proposition A Sales Tax Revenue Bonds, including The Team.

Amount of Last Bond Sale
$57,745,000
Bond Ratings
Aa1/AAA/AAA
debt outstanding as of 6-1-2019
$1,140,435,000

About Metro Proposition A Sales Tax Revenue Bonds

LACMTA issues sales tax revenue bonds to provide funds for the acquisition of revenue vehicles and construction of major capital projects. Sales tax revenue bonds are secured by the Los Angeles County voter approved Proposition A, Proposition C, or Measure R sales taxes, net of administration costs and allocations to local governments. LACMTA issues sales tax revenue refunding bonds generally to reduce debt service costs by refinancing previously issued sales tax revenue bonds and/or commercial paper notes when more favorable interest rates or financing terms are available. Refunding may also be executed for reasons other than to achieve cost savings, such as to restructure the repayment schedule of the debt, to change the type of debt instruments being used, or to retire an indenture in order to remove undesirable covenants.

The Team

Nalini Ahuja

Chief Financial Officer

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Donna Mills

Treasurer

(213) 922-4047

millsd@metro.net

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LuAnne Edwards Schurtz

Deputy Executive Officer, Finance

(213) 922-2554

schurtzl@metro.net

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