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Budget committee advances $248 million streets and safety bond to ballot
Summary
The Budget & Finance Committee voted to forward a proposed $248 million general obligation bond to the full Board with a positive recommendation. The bond would fund street repaving, 1,900 curb ramps, pedestrian and bicycle safety projects, structures repair and transit signal work; the budget analyst noted ~$189 million in projected interest costs over the life of the bonds.
The San Francisco Budget and Finance Committee advanced a $248 million general obligation bond measure to the full Board of Supervisors on a positive recommendation, saying the funds would shore up the city’s deteriorating street network and pay for sidewalks, curb ramps and safety improvements.
Douglas Legg, manager of finance, budget and performance at the Department of Public Works, told the committee the bond is designed to halt a decline in pavement condition. “This bond…will provide, with other sources…funds to keep us on track to actually improve the condition of our streets,” Legg said, citing the city’s pavement condition index and a projection that without the bond average PCI would slip further in three years.
DPW’s plan would direct about $148 million to repaving and…
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