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SFMTA tells oversight committee 2014 transportation geobond is nearly 90% spent; $8.3M reprogrammed to facilities
Summary
SFMTA told the Obligation Bond Oversight Committee that nearly 90% of the $500 million 2014 Transportation and Road Improvement Geobond had been spent as of June 30, 2025, and the agency is reprogramming $8.3 million in savings to fund facilities upgrades and Powell Street station elevator work.
Rob Jacquez, director of capital budget and funding strategy at the San Francisco Municipal Transportation Agency, told the Obligation Bond Oversight Committee that the 2014 Transportation and Road Improvement Geobond has been nearly fully spent and that staff are reallocating savings to finish outstanding projects. "As of 06/30/2025, nearly 90% of the $500,000,000 of bond proceeds was expended across the 8 program areas," Jacquez said.
Jacquez said the largest expenditures have gone to accessibility and major transit corridor improvements, while traffic-signal work has lagged. To accelerate spending before…
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