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DBI reports strong permit revenue, budgeted fleet electrification and $5.7B in active construction
Summary
DBI finance staff reported a projected year‑end balance of about $23.73M driven by permit revenues, budgeted vehicle purchases and infrastructure for partial fleet electrification, and acting director Tom Hui said active construction projects total roughly $5.7 billion.
Deputy Director Pamela Levin presented the department’s 11th‑month financial report on June 19, reporting a projected fiscal‑year balance of about $23.73 million. Levin said that figure reflects approximately $21.48 million in additional revenues compared with budget and $2.25 million in expenditures; the department expects to move $3–5 million into deferred credits and has set aside funds for a stabilization reserve and a $15 million capital reserve for…
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