Build Up of Unused Road and Park Bonds

Out of $46M in road bonds authorized in 2008, only $4.45M, or less than 10% have been used as of the end of FY 16. The same is true for the parks and recreation bonds issued in 2008.

Only $10M of the $105M in road bonds authorized in 2015 have been used.

Click chart to enlarge

Of the total of $186.5M in bonds authorized by voters, only $17.45M have been used. That is less than 10% of the authorized bonds.

This raises many questions. Have circumstances drastically changed since the bonds were authorized? Is there sufficient staff to plan and implement the projects that the bonds are to pay for? 

There may be other valid reasons, but, the city does not seem to communicate to the taxpayers the reasons for the buildup of unused bonds.

Is it time for a presentation to the public of revised schedules for the planned projects?