By Kenny Quayle | Pinal Central
A brief update on the progress of the SR 347 expansion and Maricopa’s other transportation projects was revealed at this year’s Future Planning Meeting by the city of Maricopa’s Chief Financial Officer Matt Kozlowski.
The focus of the presentation, however, began not with a look at how the construction is going or the selection of Sundt Construction to work on the project, but with a look into the half-cent sales tax increase the city put in place to fund the expansion.
According to Kozlowski, the money collected from the sales tax increase, dubbed the Commuting Corridors Fund, is a matter of public interest and therefore should be handled with complete transparency. As such, the city will be posting a report on the amount of money collected for the fund, updated frequently and showing what is collected, expenditures, and the current fund balance.
That balance is also soon to include the $30 million revenue bond the city will be taking out, showing comprehensive data played out both numerically and in the form of a graphic.
