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Committee backs next bond issuances to fund Muni Forward, Caltrain electrification and park projects
Summary
The committee recommended that the Board authorize up to $177 million in transportation bonds and up to $76.7 million in park bonds, citing near-term project readiness, debt-service impacts and property-tax implications.
The Budget Committee recommended the Board authorize the second issuance of the 2014 transportation and road improvement general obligation bond, up to $177,000,000, and the third issuance of the 2012 Clean and Safe Neighborhood Parks bond, up to $76,700,000.
Ed Riskin, director of transportation, told the committee the transportation issuance would fund Muni Forward capital improvements (including rapid-corridor projects and Muni Metro…
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