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City hears timeline and constraints for voter‑approved Measure Q bonds
Summary
San Bruno’s administrative services director briefed council on Measure Q, the voter‑approved $102 million general‑obligation bond, explaining eligible uses, oversight, borrowing assumptions and the staged bond-issuance plan staff will integrate into the city’s CIP process.
Nick Negaros, San Bruno’s administrative services director and chief financial officer, briefed the city council on the recently approved Measure Q general obligation bond measure. Negaros said the ballot language limits the use of bond proceeds to three categories — repair of storm drains, repair of city streets and potholes, and upgrades to fire stations — and that voters authorized up to about $102,000,000 in bonds at a tax rate up to 3¢ per $100 of assessed value. He said the measure also prohibits using the funds for administrative salaries and requires annual citizen oversight and independent audits.
Negaros…
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