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SFCTA reviews final Prop L strategic plan; revenue forecast cut 11% over 30 years
Summary
Staff presented a final Prop L strategic plan update that reduces the 30‑year revenue forecast by about 11% to roughly $1.95 billion, preserves near-term five‑year programming and rebalances later years; the transcript records a motion to adopt but does not include the recorded vote.
Staff presented a final update to the Prop L strategic plan on April 8 that reduces the 30-year revenue forecast and adjusts out-year programming while preserving near-term spending priorities.
Amelia Wally, presenting the final strategic plan, said voters approved the Prop L expenditure plan in November 2022 and that the strategic plan reconciles a 30-year revenue forecast with project cash-flow needs and debt assumptions. For the final plan, staff worked with consultants and city offices and reduced the 30-year revenue projection by roughly 11% to about $1.95 billion. Wally said that reduction translates to roughly $415 million less in year‑of‑expenditure dollars available across the 30-year period.
Wally summarized the policy approach: protect funding…
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