Dual measures to increase vehicle registration fees and issue a general obligation bond for transportation improvements could go before voters next year, but even if approved they would only put a dent in The City’s long-term needs.
The Capital Planning Committee, a consortium of city agencies, has proposed adding both measures to the November 2014 ballot. Combined with increased transfers from The City’s general fund, they would generate $790 million over 10 years.
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Muni’s transformative transit initiative achieved an important planning milestone this week, but the ambitious project still faces major funding barriers and officials are considering asking voters for money.
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BART passengers can already expect to pay more for fares and parking in the near future, but for the transit agency to meet its colossal long-range needs regional voters likely will need to approve tax increases.
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URL: http://www.sfexaminer.com/topics/general-obligation-bond?quicktabs_6=0
