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Committee clears Tax Bond Measures for Transbay project after controller denies bond proceeds would fund repairs
Summary
The Budget & Finance Committee voted to send ordinances authorizing up to $200 million in Transbay Community Facilities District bond proceeds to the full Board after the Controller's office affirmed proceeds will fund approved project costs and interim financing, not repairs to cracked steel beams.
The San Francisco Board of Supervisors' Budget & Finance Committee voted to send two measures to the full Board that would authorize up to $200 million in special tax bonds for the Transbay Transit Center and related plant infrastructure.
Chair Malia Cohen introduced the paired ordinance and resolution, and asked the Controller's office whether bond proceeds could be used to fix recently identified construction defects at the Transit Center. Anna Van…
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