City of Santa Clara to Place $400M Infrastructure Bond on November Ballot
City of Santa Clara voters will be asked in November to approve a $400 million bond on the t to address more than $600 million in unfunded infrastructure needs.
The Santa Clara City Council approved the bond measure vote at Tuesday’s council meeting.
While the most immediate infrastructure needs total more than $600 million over the next five years, the total does not account for all unfunded needs in the city, accordion to a city press release. In 2024 Santa Clara received over $270 million in infrastructure requests from various departments with only $24 million available in the city’s Capital Projects Reserve.
“This bond measure, if approved by voters, is a substantial and much needed investment in our community,” said Mayor Lisa Gillmor in a statement. “We wanted to make sure the measure commits to specific projects so Santa Clarans know how the monies will be used, and that controls are in place to ensure maximum benefit to the City.”
https://www.sanjoseinside.com/news/city-of-santa-clara-to-place-400m-infrastructure-bond-on-november-ballot/