The 2026 Bond Election Advisory Task Force decided against a climate-specific bond election in 2025, opting instead for a broader general obligation bond in 2026. This decision reflects concerns over funding availability, readiness of climate projects, and public engagement processes. City staff presented the Environmental Investment Plan, identifying over $7 billion in potential climate investments, yet many projects require further refinement. The task force noted challenges with executing previously approved projects, indicating limited capacity to manage new funds effectively.
"The uncertainty on project readiness was a key factor in the task force's decision, emphasizing that many proposed projects require additional scoping and prioritization."
"The city has $1.3 billion in unspent bond funds from previous elections, raising concerns about the execution of any new climate-focused bond proposal."
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