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Budget committee hears capital plan as pay-as-you-go funding is cut to $39 million
Summary
Capital Planning staff told the Budget & Finance Committee the proposed FY2009-10 pay-as-you-go program is $39 million (including $22 million from the general fund), far below the city's annual need; staff warned the unfunded backlog will grow substantially and previewed planning for an Earthquake Safety and Emergency Response bond.
The Budget and Finance Committee heard a detailed presentation on the city's 10-year capital plan on June 24, with Bridal Strong of the Capital Planning Program laying out a sharply reduced pay-as-you-go (PAYGO) program and long-term consequences for city facilities.
Strong said the administration received about $152,000,000 in general fund capital requests this cycle and recommended a PAYGO package totaling $39,000,000, of which $22,000,000 would come from the general fund and $17,000,000 from other one-time sources including street COP proceeds, redevelopment agency funds and a sustainable-energy account. "We received a 152,000,000 in total general fund requests," Strong said in the committeeroom.
The capital planning presentation emphasized…
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