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City staff outline $4 billion needs, $700 million likely cap for 2026 bond package
Summary
Capital Delivery Services presented a new pre-election planning approach intended to vet scopes, budgets and schedules before the 2026 bond goes to voters; staff said citywide needs total about $3.9–4.0 billion while finance estimates bond capacity near $700 million to preserve the city's credit rating.
Eric Bailey, deputy director of Capital Delivery Services, presented the Arts Commission with an overview of the city—s 2026 general obligation bond development process and timeline, emphasizing a change in approach: departments will now develop detailed project scopes, schedules and budgets before bond propositions are put before voters.
Bailey said the initial needs assessment the city has compiled totals roughly $3.9 billion to $4.0 billion across library, parks, streets, housing, flood control, city facilities and land purchases. He said the city—s finance…
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