We are thrilled to report that Mayor Edwin M. Lee signed the $500 million general obligation bond for transportation infrastructure for the November 2014 ballot that could really improve San Francisco’s streets, traffic signals, safety and Muni maintenance without raising property tax rates.
Mayor Lee also celebrated the installation of new traffic signals at the intersection of Sunset Boulevard and Yorba Street, and announced that the SFMTA has reduced the speed limit on Sunset Boulevard from 35 MPH to 30 MPH between Martin Luther King Jr. Drive and Lake Merced Boulevard, a 2.5 mile stretch of roadway.
“This November, with my support and the support of every member of the Board of Supervisors, San Francisco voters will have a historic opportunity to invest in the future of transportation in our City without raising property tax rates,” said Mayor Lee.
“This $500 million transportation bond is the first recommendation of our Transportation 2030 Task Force and will be a major step toward delivering a more reliable, safe, and affordable transportation network today and keep our City moving into the future. This bond invests $300 million in street safety upgrades that will prevent traffic injuries and fatalities and keep pedestrians safe. The new traffic signals and the reduced speed limit here on Sunset Boulevard bring us closer to reaching our Vision Zero goal of zero traffic fatalities in San Francisco by 2024.”
At a glance here are the investments planned for the $500 million general obligation bond include:
- Muni Forward Rapid Network Capital Projects and other transit improvement projects: $230 million
- Transit stop accessibility improvements: $30 million
- Muni maintenance facility upgrades: $70 million
- Pedestrian safety enhancements: $68 million
- Traffic signal replacement: $22 million
- “Complete Streets” projects, including new or enhanced bikeways: $52 million
The transportation bond will not raise property tax rates.
The bond measure will be on the November 4, 2014 ballot.
To pass in November, the general obligation bond requires a 2/3 majority vote by San Francisco voters.
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