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

Saskal, Rich
July 2006
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p3
Trade Publication
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.


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