$32 Billion transportation bond approved in Red State

55% of Phoenix voters approved a $31.7 billion transportation bond package that will add:

•  Triple Valley Metro’s light rail system
• Add more buses
• More city street upgrades
• 1,150 Miles of Bike Lanes
• 170 Miles of Sidewalks

The bond package will be backed by:

• The city’s transportation sales tax will go to 0.7% from the current 0.4%
  • Except for​transactions over $10,000, which are exempted
• $5.1 billion of ​​Transit fares 

The financials are:

• $2.9 billion for debt service and a reserve fund. 
• Bus and bus rapid transit will get $17.5 billion
• $11.9 billion dedicated to maintaining the current level of service
• $1.9 billion allocated to new and extended bus routes.
• $8.9 billion for rail projects includes:
  • $6.7 billion for 42 miles of new line and
  • $2.2 billion for upkeep of the current 20-mile.
• Phoenix will devote $2.4 billion from the 35-year program to city streets.
• Major street and bridge projects are funded at $280 million.

​BondBuyer