Transportation Funding: Mayor Introduces Transportation Improvement Bond
Mayor Edwin M. Lee and all 11 members of the Board of Supervisors today introduced a proposed $500 million general obligation bond for the November 2014 ballot for infrastructure projects that would significantly improve San Francisco's transportation network without raising property tax rates. The bond would increase Muni reliability and travel speed, upgrade transit stops and stations, improve pedestrian and bicycle safety, and prepare for growth on the City's busiest travel corridors.
"San Francisco deserves a safe, reliable and affordable transportation system, and today we are making an historic investment in our City's vital transportation infrastructure as we plan for a growing and successful City," said Mayor Lee. "This investment will make it easier for San Franciscans to get around the City as they go to work, school, home and everywhere in between. If passed this November, the $500 million general obligation bond will improve MUNI, improve pedestrian safety and improve our bike network – all without raising property tax rates." Read more.