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SFMTA outlines FY27——FY31 CIP, warns of about $200 million revenue drop and presents three scenarios
Summary
SFMTA staff told the board that the agency expects roughly $200 million less revenue in the next five-year CIP versus the previous cycle, proposed a three-scenario approach (baseline, CIP+, CIP++) and presented an upper bound of up to $40 million per year in discretionary capital flexing to help close operating shortfalls.
Rob Hawkes, director of capital budget and funding strategy, and CFO Brie Hoarder presented an overview of the San Francisco Municipal Transportation Agency's proposed Capital Improvement Program (CIP) for FY27—to—2031.
Hawkes outlined the CIP process, noting the current CIP programs, the agency's $2.7 billion-plus prior programming and that preliminary estimates for the next CIP are approximately $2.3 billion, about $200 million (roughly 8%) less than the prior plan. He…
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