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City of San Francisco Transportation and Road Improvement Bond, Proposition A (November 2014)
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A City of San Francisco Transportation and Road Improvement Bond, Proposition A ballot question was on the November 4, 2014 election ballot for voters in the city of San Francisco, California. It was approved.
Proposition A authorized the city to borrow $500 million through issuing general obligation bonds in order to meet some of the transportation infrastructure needs of the city. A city Transportation Task Force identified $10 billion in spending on "crucial infrastructure projects" earlier in 2014. Proposition A funds were designed to address some of the needs identified by the task force. The bonds were earmarked for a list of projects, which can be found below in the ballot simplification digest. Proposition A also allowed the city to impose property taxes to repay the bonds.[1]
A two-thirds (66.67%) vote was required for the approval of Proposition A.
Election results
City of San Francisco, Proposition A | ||||
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Result | Votes | Percentage | ||
![]() | 157,562 | 71.87% | ||
No | 61,657 | 28.13% |
Election results via: City and County of San Francisco Registrar of Voters
Text of measure
Ballot Simplification
The San Francisco Ballot Simplification Committee provided the following digest for Proposition A:[1]
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THE WAY IT IS NOW: After a comprehensive review of San Francisco’s transportation system needs, the Transportation Task Force identified $10 billion in crucial infrastructure projects needed to:
The City has developed plans to deliver those improvements in stages. The City’s 10-year Capital Plan identifies investment in transportation infrastructure as a high priority. To pay for these infrastructure improvements, the City proposes borrowing money by selling general obligation bonds that will be paid for through property tax revenues. Current City policy is to issue new bonds only as prior bond debt is retired. The City’s use of funds generated by general obligation bonds is monitored by the Citizens’ General Obligation Bond Oversight Committee. The committee is appointed by the Mayor, the Board of Supervisors (Board), the Controller, and the Civil Grand Jury. THE PROPOSAL: Proposition A is an ordinance that would allow the City to borrow up to $500 million by issuing general obligation bonds. The City would use this money to implement many of the infrastructure repairs and improvements identified by the Transportation Task Force. The City could use the funds for the following purposes:
Any proposed use of these bond funds would be subject to review and further changes by the Mayor and the Board. Proposition A would allow an increase in the property tax to pay for the bonds, if needed. It would permit landlords to pass through up to 50% of any resulting property tax increase to tenants. Proposition A also would require the Citizens’ General Obligation Bond Oversight Committee to review the spending of bond funds. One-tenth of one percent (0.1%) of the bond funds would pay for the committee’s audit and oversight functions. Approval of this measure requires two-thirds of the votes cast. A “YES” VOTE MEANS: If you vote “yes,” you want the City to issue $500 million in general obligation bonds on infrastructure projects designed to:
A “NO” VOTE MEANS: If you vote “no,” you do not want the City to issue these bonds[2] |
” |
—San Francisco Ballot Simplification Committee[1] |
Full text
The full text of the ordinance that was enacted by the approval of Proposition A is available here.
See also
- City bonds on the ballot
- San Francisco City and County, California ballot measures
- November 4, 2014 ballot measures in California
External links
Footnotes
- ↑ 1.0 1.1 1.2 San Francisco Elections Office, "San Francisco Ballot Simplification Committee Digest for Proposition A," archived September 9, 2014
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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