TITLE

San Francisco-Area Special District Voters to Face Rail-Related Sales Tax

AUTHOR(S)
Saskal, Rich
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the directors of the Sonoma Marin Area Rail Transportation District have agreed to ask voters to approve a sales tax to finance construction of a commuter rail system in San Francisco, California. The proceeds would be used in financing construction and operation of a 70-mile passenger train system, which is estimated to require $387 million in capital spending. The district plans to issue bonds backed by the sales tax revenue to finance capital costs.
ACCESSION #
21784075

 

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