State Senator Dave Cortese has called for an audit of the Metropolitan Transportation Commission, which manages significant toll revenues across Bay Area bridges. The commission has faced criticism for its spending practices, prompting concerns amidst ongoing toll increases and potential new sales taxes. Cortese asserts that transparent financial management is essential, especially as the commission is believed to function as a 'slush fund' with pooled resources from voter-approved measures. An independent review would aim to restore public confidence and clarify the financial management of these substantial funds.
We're talking about tens of billions of dollars. As the commission continues to raise tolls and considers asking voters to sign off on a sales tax increase, some officials are asking questions about the commission's use of that revenue.
An independent review would help provide clarity on the financial management of these funds and foster confidence in the ongoing toll increases, Cortese's letter says.
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