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SFMTA: first issuance of 2014 transportation bond under way; second issuance planned
Summary
SFMTA reported $66 million issued of the $500 million 2014 Transportation and Road Improvement Bond, with $22 million expended and planning underway for a second issuance of roughly $184 million to fund projects across eight categories.
Monique Webster, senior manager of capital finance at the San Francisco Municipal Transportation Agency, told the committee the 2014 Transportation and Road Improvement Bond authorizes $500,000,000 across eight project categories. She said SFMTA has issued $66,000,000 to date; from that issuance the agency reported $22,000,000 in expenditures as of June 30 and about $17,000,000 encumbered for a combined roughly 60% of…
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