Governor signs bill creating carve-out for Santa Cruz Metro

Santa Cruz Sentinel

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Private Equity: Alden Global Capital

Governor signs bill creating carve-out for Santa Cruz Metro

SACRAMENTO — Santa Cruz County voters could soon have an opportunity to weigh in on a funding option for a local public transit agency. This weekend, Gov. Gavin Newsom signed Senate Bill 862, which gives voters the opportunity to decide if the county should raise the transaction and use tax – otherwise known as a sales and use tax – above the state’s combined tax rate limit as a means for supporting Santa Cruz Metro’s long-term financial health …