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SFCTA reviews final Prop L strategic plan; staff recommends reduced 30-year revenue forecast
Summary
Staff presented the final Prop L strategic plan update, proposing an 11% reduction in the 30-year revenue forecast and preserving first-5-year programming while scaling back out-year allocations; a motion to adopt was made but a recorded vote does not appear in the transcript provided.
Staff presented the final Prop L strategic plan update on April 8, describing how the voter-approved Prop L expenditure plan and accompanying five-year prioritization programs will be administered over a 30-year horizon.
Presenter Amelia Wally said the updated 30-year revenue forecast is about 11% lower than the baseline, producing a revised projection of roughly $1.95 billion over 30 years and translating to about $415 million a year in expenditure dollars under the staff model. Wally said the board preserved…
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