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LA Metro Finance, Budget and Audit Committee · Jan 15, 2026

Thursday53 min3 officials identified8 public speakers12 agenda itemsVideo: Granicus

The longest item after routine business: Fiscal year 2027 budget development process, 9 min of this 53 min meeting.

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7 meetings, all transcribed, Oct 24, 2025 to Oct 2, 2026.This meeting: Jan 15, 2026
0:00:0053:00

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Agenda · 12 itemsShowHide
  1. 0:20Roll Call: 5 members present, 2 members absent, 0 members excused.2 min
  2. 2:26MEASURE M PROGRAM ADOPT a resolution that authorizes the Chief Executive Officer to: A. ESTABLISH the Measure M Short-Term Borrowing Program (Attachment A); and B. EXECUTE and deliver all necessary documents related to the Measure M Short-Term Borrowing Program to enter into revolving credit agreements (Attachment B). (REQUIRES SEPARATE, SIMPLE MAJORITY VOTE OF THE BOARD)4 min
  3. 6:43MEASURE M PROGRAM ADOPT a resolution that authorizes the Chief Executive Officer to: A. ESTABLISH the Measure M Short-Term Borrowing Program (Attachment A); and B. EXECUTE and deliver all necessary documents related to the Measure M Short-Term Borrowing Program to enter into revolving credit agreements (Attachment B). (REQUIRES SEPARATE, SIMPLE MAJORITY VOTE OF THE BOARD) Moved by 0, no second required.under 1 min
  4. 6:47MEASURE M PROGRAM ADOPT a resolution that authorizes the Chief Executive Officer to: A. ESTABLISH the Measure M Short-Term Borrowing Program (Attachment A); and B. EXECUTE and deliver all necessary documents related to the Measure M Short-Term Borrowing Program to enter into revolving credit agreements (Attachment B). (REQUIRES SEPARATE, SIMPLE MAJORITY VOTE OF THE BOARD) (Approved)under 1 min
  5. 6:52I-105 EXPRESSLANES PROJECT - TOLL REVENUE BONDS AND TIFIA LOAN FINANCINGS ADOPT: A. a Resolution (Attachment A) that authorizes the issuance and sale of a combined aggregate principal amount not to exceed $1.7 billion for the I-105 ExpressLanes Project in the form of the Toll Revenue First Lien Bonds in one or more series, Toll Revenue Third Lien Bonds, and/or TIFIA Loan Agreement and the taking all other actions necessary in connection with the issuance of the bonds and/or loan; and (REQUIRES SEPARATE, SIMPLE MAJORITY VOTE OF THE BOARD) B. the revised Toll Policy (Attachment B).under 1 min
  6. 7:04Roll Call: 6 members present, 1 members absent, 0 members excused.5 min
  7. 12:07Kathryn Barger was called to speakTim Sandoval was called to speakPublic Speaker was called to speakTim Sandoval was called to speakKathryn Barger was called to speakKathryn Barger was called to speakLindsey Horvath was called to speakLindsey Horvath was called to speakKaty Yaroslavsky was called to speakPublic Speaker was called to speak3 min
  8. 15:11I-105 EXPRESSLANES PROJECT - TOLL REVENUE BONDS AND TIFIA LOAN FINANCINGS ADOPT: A. a Resolution (Attachment A) that authorizes the issuance and sale of a combined aggregate principal amount not to exceed $1.7 billion for the I-105 ExpressLanes Project in the form of the Toll Revenue First Lien Bonds in one or more series, Toll Revenue Third Lien Bonds, and/or TIFIA Loan Agreement and the taking all other actions necessary in connection with the issuance of the bonds and/or loan; and (REQUIRES SEPARATE, SIMPLE MAJORITY VOTE OF THE BOARD) B. the revised Toll Policy (Attachment B). Moved by 0, no second required.under 1 min
  9. 15:25I-105 EXPRESSLANES PROJECT - TOLL REVENUE BONDS AND TIFIA LOAN FINANCINGS ADOPT: A. a Resolution (Attachment A) that authorizes the issuance and sale of a combined aggregate principal amount not to exceed $1.7 billion for the I-105 ExpressLanes Project in the form of the Toll Revenue First Lien Bonds in one or more series, Toll Revenue Third Lien Bonds, and/or TIFIA Loan Agreement and the taking all other actions necessary in connection with the issuance of the bonds and/or loan; and (REQUIRES SEPARATE, SIMPLE MAJORITY VOTE OF THE BOARD) B. the revised Toll Policy (Attachment B). (Approved)under 1 min
  10. 15:28FISCAL YEAR 2027 BUDGET DEVELOPMENT PROCESS RECEIVE AND FILE the Fiscal Year 2027 (FY27) Budget Development Process.9 min
  11. 25:16Roll Call: 7 members present, 0 members absent, 0 members excused.19 min
  12. 45:06GENERAL PUBLIC COMMENT RECEIVE General Public Comment7 min

What happened

Each sentence checked against the transcript.

  1. The committee took up item 21, the Measure M program, with staff presenting.2:22
  2. Staff requested board authorization of a $500 million Measure M short-term borrowing program and a resolution allowing commercial paper and revolving credit facilities.3:00

Who spoke

3 officials identified · talk time, most first.

Public comment: 8 speakers.

How we count

Each summary sentence is checked against the transcript before it is published; in a blind check, 98 of 100 sentences were right. A voice gets an official’s name only when two AI readers and a code check agree, so the minutes undercount and are not attendance. Officials only: members of the public are counted, never named, shown or quoted, and full transcripts aren’t published because they can carry their names. More on how we know

Cite this page

Hamlet, “LA Metro Finance, Budget and Audit Committee, Jan 15, 2026: Los Angeles.” https://cities.myhamlet.com/la/metro-finance-budget-audit/meetings/2026-01-15. Data as of Oct 9, 2026 (version d14b03c); meeting of Jan 15, 2026.