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City staff: a few major projects hold most unspent bond dollars as commission eyes reporting changes
Summary
Capital Delivery Services deputy director Eric Bailey told the Bond Oversight Commission that a small number of projects account for the bulk of unspent non-housing bond balances, and commissioners pushed staff and Financial Services for clearer, disaggregated quarterly reporting to identify recurring barriers to spending.
Eric Bailey, deputy director of Capital Delivery Services, told the Bond Oversight Commission on Jan. 8 that "relatively few number of projects" are holding most of the unspent balance in the city's recent non-housing bond programs and presented data visualizations to show which projects are lagging.
"Since the creation of CDS in 2023 to 01/08/2026, project spend has more than doubled from $573,000,000 to $1,200,000,000," Bailey said, adding that the authorized-but-unobligated balance fell from $1,400,000,000 to $599,000,000 as more work moved into contracts and construction. He said those numbers indicate projects are progressing from design into construction and obligation.
Bailey walked commissioners through the definitions used in the presentation: "expenses" for dollars paid out for design, construction and acquisitions; "obligation" for dollars under contract; and "balance" for identified future spending. He said the presentation focused on the 2016, 2018 and 2020 bond programs because the 2022 bond was housing-only and…
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