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SFMTA reports $78 million spent on 2014 transportation bond; warns of market pressures

San Francisco City General Obligation Bond Oversight Committee · November 19, 2018
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

SFMTA told the oversight committee it has issued about half the 2014 Transportation GO Bond and expended roughly $78 million as of September; staff warned rising construction costs and fewer bidders could slow delivery and described steps to improve public outreach.

Monique Webster, senior manager of capital finance at the San Francisco Municipal Transportation Agency, briefed the committee on the status of the 2014 Transportation and Road Improvement General Obligation Bond. Webster said the bond, approved by voters in 2014, authorized $500,000,000 and supports more than 40 projects across eight investment categories, with the Muni Forward program and Muni facilities among the largest allocations (Monique Webster).

"So far a little…

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