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SFMTA previews two-year budget and ties capital plan to November revenue measures
Summary
SFMTA Director Ed Ryskin told the Board committee the agency starts the next two-year cycle from a positive baseline but needs voter-approved revenues to close a multibillion-dollar capital gap, outlining proposals including a $500 million bond and restoring the vehicle license fee.
Ed Ryskin, director of transportation for the San Francisco Municipal Transportation Agency, told the Board of Supervisors Budget and Finance Committee on April 9 that the agency has a positive starting point for its next two-year operating plan but still faces large capital needs.
Ryskin said the agency’s five-year capital-improvement plan and a task force projection show roughly a $10,000,000,000 need over 15 years and that traditional funding sources cover less than half of that sum. “What the Task Force recommended to close a big chunk of the gap…is nearly $3,000,000,000 worth of new local revenue,” Ryskin said, describing proposals that include two $500,000,000 general obligation bonds,…
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