LOS ANGELES (CBSLA.com) — The first of six regional meetings will be held Wednesday night in downtown to educate Los Angeles residents about a $3 billion bond effort to repair potholes on the city’s damaged streets.

“I think it puts a lot of wear and tear on your tires. It costs us more money that we have to pay . . . lot of the city streets need repair,” one Angeleno said.

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In January, Councilmen Mitch Englander and Joe Buscaino recommended that the bond measure should be placed on the May ballot, but calls for additional information have delayed their effort.

“Los Angeles has the worst streets in America,” Buscaino told KNX 1070. “We want to fix every failed street from Slymar to San Pedro. We’re looking at 8,700 lane miles.”

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The bond measure would be funded through property assessments within the city limits. Homeowners could expect to pay an additional $24 on their property tax bill annually if the measure passed.

“This is a smart investment. In addition, we’re gonna create 30,000 private sector jobs,” Busciano, the City of Los Angeles’ Public Works chairperson, said.

Additional meetings will be held across the Southland from the San Fernando Valley to the Harbor area and the Westside.

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To report a pothole, call 1(800) 966-CITY.