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Officials weigh bond programs, SRF and prop-4-type funding as longer-term options
Summary
Committee members discussed bond sources and State Revolving Fund eligibility as possible ways to pre-fund or cover construction costs, noting eligibility is tightening and certain programs target disadvantaged communities.
Participants reviewed state and local funding possibilities beyond the county bridge loan and reimbursements, including bond programs (a "prop 4" reference in discussion), State Revolving Fund (SRF) options, and other bond landscapes. A committee member and staff noted these sources could help if the project qualifies, but staff cautioned programs are competitive and often prioritize disadvantaged communities.
The Chair and staff discussed monitoring upcoming bond opportunities and whether the county lobbyist should track relevant pipelines. Staff said they would continue working state-level contacts and assess whether changing loan rates or program criteria might affect the project's eligibility.
