Voters approved a $181 million municipal bond to fund public works investments around the city.
"A new dock for dragon boats, HVAC systems for the city’s homeless shelters, and a cap for I-95 along Penn’s Landing are among the capital projects Mayor Jim Kenney will fund with the $181 million municipal bond Philadelphia voters approved [last week]," reports Jim Saksa.
"The bond dollars constitute a relatively small slice of the $4.7 billion capital budget for next year. But the bond proceeds will help the city leverage private, state and federal money sources, which often require local matching funds," explains Saksa.
The article includes an itemized list of the city's plans for the new funding, from Indego bike share to homeless shelters to Rebuild, the ambitious capital investment project funded partially by the city's controversial soda tax.
Read the full story: From trucks to trails, Philly’s new $181 million bond will pay for improvements citywide
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