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Budget committee forwards $500 million transportation bond and special election to full board
Summary
The San Francisco Budget & Finance Committee voted to send a set of MTA‑sponsored measures to the full Board that would place a $500 million transportation and road improvement general‑obligation bond on the November 4, 2014 special election ballot and amend the city's capital plan.
The San Francisco Board of Supervisors Budget & Finance Committee on Monday voted to forward three MTA‑sponsored items to the full Board that would authorize the city to place a $500,000,000 general‑obligation bond for transportation and transit improvements before voters.
Chair Mark Farrell said the measures (items 4–6) are tied to the Municipal Transportation Agency and acknowledged Supervisor Katie Tang as a lead sponsor. The clerk read the measures into the record: a resolution declaring public interest and necessity for transportation and transit construction and retrofitting (item 4); an ordinance calling a special election on Nov. 4, 2014 to submit a proposition to the voters to incur up to $500 million in bond debt for transportation and transit projects (item 5); and a resolution amending the city's 10‑year capital expenditure plan to increase proposed transportation and road improvement bond financing to $500 million (item 6).
"I really wanted to continue to urge the rest of the committee members to forward out these items to the full board with recommendation," Supervisor Katie Tang said, urging colleagues to advance the proposals.
Committee members had been briefed previously and Director Raskin (department representative) told the committee that amendments requested the prior week had been adopted and that staff supported moving the items forward. The committee opened public comment on the bond items; seeing no speakers, it closed public comment and took the motion to forward the items without objection.
If approved later by the full Board and by voters, the bond would provide general‑obligation funds for construction, acquisition and improvement projects across the city’s transportation system. The measures were placed on the Board's forward calendar and will proceed through the legislative process and the ballot qualification schedule.
Next steps: the measures will appear on the Board of Supervisors agenda and be considered by the full Board as part of the city's budget and bond‑placement schedule.
