Proposition A: Muni Reliability and Street Safety Bond
On March 1, 2022, the San Francisco Board of Supervisors voted unanimously to place the Muni Reliability and Street Safety Bond on the June 7, 2022 ballot.
Proposition A is a bond measure that would authorize the City to borrow up to $400 million by issuing general obligation bonds. This bond money could be spent on City transportation infrastructure projects, including:
|$250 million||on the repair and renovation of SFMTA bus yards, facilities and equipment|
|$26 million||on traffic improvements, such as new traffic signals, wider sidewalks at bus stops, and dedicated traffic lanes|
|$10 million||on improvements to the Muni train system, including the train communication and control systems|
|$42 million||on traffic signal and street crossing improvements, such as more visible traffic and pedestrian signals, curb ramps, and signs|
|$42 million||on street redesigns that include wider sidewalks, raised crosswalks, protected bicycle lanes, bus lanes, boarding islands and better lighting|
|$30 million||on projects to manage traffic speeds, including lowered speed limits and speed radar signs|
Under this proposal, bond funds can be used only for projects that have a project labor agreement. A project labor agreement is an agreement between the City and labor unions that sets the terms and conditions of employment, including compensation and benefits, for work on specific City projects.
Proposition A would also set aside funds for the Citizens’ General Obligation Bond Oversight Committee’s review of how this bond money was spent.
City policy is to limit the amount of money it borrows by issuing new bonds only as prior bonds are paid off. If necessary, Proposition A would allow an increase in the property tax to repay the bonds. Proposition A allows landlords to pass through up to 50% of any resulting property tax increase to tenants.
For more information about the Muni Reliability and Street Safety Bond, read the full bond report:
Prop A Ballot Question
MUNI RELIABILITY AND STREET SAFETY BOND. To increase Muni’s reliability, safety and frequency, reduce delays, improve disabled access and equity, increase subway capacity and improve pedestrian, bicycle, and traffic safety by repairing, constructing and improving deteriorating Muni bus yards, facilities, transportation infrastructure and equipment, and constructing and redesigning streets and sidewalks, and to pay related costs; shall the City and County of San Francisco issue $400,000,000 in general obligation bonds, with a duration of up to 30 years from the time of issuance, an estimated average tax rate of $0.010/$100 of assessed property value, and projected average annual revenues of approximately $30,000,000, subject to citizen oversight and independent audits? The City’s current debt management policy is to keep the property tax rate for City general obligation bonds at or below the 2006 rate by issuing new bonds as older ones are retired and/or the tax base grows, though this property tax rate may vary based on other factors.