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Committee approves $140 million Prop A transportation bond issuance; projects include muni-forward corridors and Caltrain match
Summary
The committee endorsed a $140 million appropriation and sale from the city's 2014 Proposition A transportation bond to fund seven projects, including muni-forward corridor improvements, pedestrian-safety work and a Caltrain electrification match; BLA recommended and the committee added a reporting amendment for oversight.
The Budget and Finance Committee voted to forward items authorizing the appropriation and sale of up to $140,000,000 in general-obligation transportation bonds from the 2014 Proposition A authorization to the Board with a positive recommendation after a presentation from SFMTA and the controller's Office.
SFMTA budget staff said this would be the third issuance from the $500,000,000 Prop A authorization, with roughly $134.3 million of the proceeds planned for projects and the remainder covering issuance costs. The MTA identified seven projects expected to be…
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