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SFMTA staff report 2014 transportation bond 89% expended or encumbered; 2021C issuance needs accelerated spending
Summary
SFMTA capital budget manager reported the voter-approved 2014 Transportation and Road Improvement bond ($500 million) is about 89% expended or encumbered; staff flagged the 2021C issuance as below IRS targets for tax-exempt bonds and will return with a plan to accelerate spending.
Rob Jacquez, capital budget manager for the San Francisco Municipal Transportation Agency, told the Budget and Finance Committee that the 2014 Transportation and Road Improvement general-obligation bond authorized $500,000,000 for Muni and other transportation projects. Jacquez said earlier issuances have largely been expended or encumbered and that, overall, “89% of the $500,000,000…
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