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TAC reviews regional spend‑down plan; bond validation hinges on clarified project slate
Summary
Staff circulated an updated regional spend‑down plan showing commitments by quarter and reported that bond validation cannot advance until the CBTA clarifies an initial slate of projects for potential bond issuance; members discussed timelines, project readiness and the potential need to swap out out‑year allocations.
CBTA staff updated the Technical Advisory Committee on a regional spend‑down plan that lists committed allocations by quarter and jurisdiction. Most localities have reported spend‑down numbers, and staff will share the revised spreadsheet with finance committee and Authority members.
Members asked whether local updates reflected recent changes to project…
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