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Controller and City Performance teams flag delays, citywide issues in GO bond watch list
Summary
City performance and auditor teams previewed a biannual general obligation bond report covering 07/01/2021–06/30/2023, identifying 21 delayed bond components (up from 13) and citywide challenges including permitting, procurement rules, staffing, and external approvals such as PG&E and Caltrans.
Janice Levy and Alexis Lozano of City Performance presented highlights from an upcoming general obligation bond report and a watch list of delayed components across active bond programs.
"This chart is just an overview of all the active bond programs...the total authorization for all 8 of these bonds is 3 and a half billion dollars," the presentation noted. Lozano walked the committee through methodology and said the team focused on budget changes, schedule delays and scope changes across eight active bond programs.
Why it matters: the audit-style review is…
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