In return for bond purchases, San Diegans will get another 25 million dollars put into the public construction market. Funds are guaranteed for city streets resurfacing and the Skyline Hills Library project.
Jobs working on the two projects, and several other city capital improvement projects, will take place.
The Chief Financial Officer will budget the money for fiscal year 2013.
Public facilities financing funds keep the public projects moving ahead.
Twenty years after the Old Town light rail extension and improvements to Balboa Park and Mission Bay Park were funded with bonds in 1993, bond purchasers can count on their bonds getting refunded with money from the 2013A bonds.
This is a Center Line Policy Alert.