Passage Of Two Key Transportation Measures In California Is Expected To Provide Significant Funds To Reduce Congestion

摘要

Iteris, Inc. (AMEX: ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, announced the passage of two key measures in California, Measure R in Los Angeles County and Proposition 1A statewide, are expected to add significant funds dedicated to traffic and transportation improvements. Measure R will finance new transportation projects, as well as provide funding for many projects already in place through the implementation of a half-cent sales tax for Los Angeles County. The measure was officially passed on December 2, 2008 and is expected to become law on January 2,2009, with the tax taking effect in July 2009.