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Committee Approves Using Prop 1B Funds for Street Resurfacing

San Francisco Board of Supervisors Budget and Finance Committee · November 12, 2008
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Summary

The committee recommended appropriating about $13.2 million in Proposition 1B funds to the Department of Public Works for resurfacing and reconstruction projects, which staff said would reduce borrowing costs and save an estimated $2.9 million over 25 years.

The Budget & Finance Committee voted to send forward an ordinance to appropriate approximately $13.2 million in Proposition 1B local streets-and-roads funds for street resurfacing and reconstruction projects in the current fiscal year.

Simone Jacques, transportation finance analyst…

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