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Santa Fe outlines road-rehab plan, cites $25 million geobond and new PCI program
Summary
Interim Streets Division Director Marcos Esquivel told the Public Works & Utilities Committee the city's road-rehab program will be guided by a new pavement-condition index and funded in part by a $25 million geobond; FY26 planned spend is $9 million and a PCI vendor budget of roughly $300,000'$350,000 was proposed.
Interim Streets Division Director Marcos Esquivel told the Public Works & Utilities Committee on April 20 that the city's road-rehabilitation program will rely on a data-driven pavement condition index (PCI), multimodal Complete Streets standards and a primary funding source of a $25 million geobond.
"Currently, our $25,000,000 geobond is our primary source of funding for our road rehab over the next few years," Esquivel said. He said planned annual expenditures under that geobond for fiscal year 2026 are $9,000,000, with fiscal years 2027 and 2028 each projected at about $8,000,000.
Esquivel described the PCI as…
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