September 17, 2012
The $2.5 billion initiative calls for issuing a series of bonds over the next five years, averaging about $500 million in capital improvement dollars each year. While each agency would be able to prioritize the projects to fund, the RTA has an existing list of backlogged projects it will reference before approving expenditures.
January 4, 2012
Peer advisory group said legislature should refuse to authorize $2.7 billion in bond spending, expressing concerns over inadequate future funding and the lack of a final business plan.
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