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2008 Prop K Strategic Plan & 5-Year Prioritization Programs

2008 Prop K Strategic Plan & 5-Year Prioritization Programs. Presentation to the Citizens Advisory Committee October 24, 2007. WHAT IS PROPOSITION K?. Prop K was approved by 75% of San Francisco voters in November 2003 It includes:

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2008 Prop K Strategic Plan & 5-Year Prioritization Programs

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  1. 2008 Prop K Strategic Plan & 5-Year Prioritization Programs Presentation to the Citizens Advisory Committee October 24, 2007

  2. WHAT IS PROPOSITION K? • Prop K was approved by 75% of San Francisco voters in November 2003 • It includes: • Extension of the prior ½ cent sales tax (Prop B) to fund transportation improvements • Approval of a new Expenditure Plan

  3. WHAT IS THE EXPENDITURE PLAN? The Prop K Expenditure Plan: • Determines eligibility for Prop K funds through a list of specific projects (e.g. Central Subway) and programs (e.g. traffic calming) • Sets caps for the maximum amount of Prop K funds that will be available to specific categories, sub-categories, project and programs over the 30-year Expenditure Plan period • Assumes leveraging of sales tax funds to fully fund Expenditure Plan projects and programs • $2.82 billion in Prop K  ~$9.6 billion in other funds (2003 $’s) • Establishes other requirements such as 5-Year Prioritization Programs (5YPPs)

  4. EXPENDITURE PLAN CATEGORIES Percent of Prop K Funding

  5. EXPENDITURE PLAN CAPS Category: Streets and Traffic Safety

  6. WHAT IS THE STRATEGIC PLAN? • The Prop K Strategic Plan is the primary implementation document for the Expenditure Plan. • The Strategic Plan: • Establishes policies • Forecasts sales tax revenue • Budgets program expenses • Programs funds by fiscal year to projects and programs • Assumes reimbursement rates for past and future allocations • Includes financing proceeds and expenses

  7. 5-YEAR PRIORITIZATION PROGRAMS (5YPPs) 5YPPs are a condition of allocation for all programmatic (i.e., non-project specific) Expenditure Plan categories, such as: • Bus Rapid Transit/Muni Metro Network • BART Station Access, Safety and Capacity • New Signs and Signals • Pedestrian and Bicycle Circulation/Safety • Transportation/Land Use Coordination

  8. DESIRED OUTCOME OF THE 5YPPS • A strong pipeline of grant-ready projects that can be advanced as soon as funds (Prop K and other funds) are available. • Why is this important? • The Expenditure Plan assumes leveraging of sales tax funds to fully fund its projects and program ($2.82 billion in Prop K  ~$9.6 billion in other funds (2003 $’s)) • To support faster delivery of projects and programs so the public can enjoy the benefits sooner

  9. 5YPPs PURPOSE • Establish a clear set of criteria for prioritizing projects • Improve agency coordination, particularly during the early stages of the planning process • Encourage and enable public input early and throughout the planning process • Establish performance measures that are intended to inform future project prioritization and development

  10. 5YPP Required Elements Among other requirements, 5YPPs must address: • Project Readiness • Compatibility with existing and planned land uses • A prioritization mechanism to rank projects • Full funding plans for projects and programs (Prop K and other $) • Performance measures For the 2008 update, the 5YPPs will also include: • Project delivery accomplishments to date • Project delivery trends, issues and opportunities

  11. REGIONAL TRANSPORTATION PLAN (RTP) • The RTP is the master plan that guides the nine-county Bay Area’s transportation investments for a 25-year period. • The Metropolitan Transportation Commission’s (MTC’s) adopts the RTP every 4 years. • Update of the 2009 RTP, also known as Transportation 2035, is now underway.

  12. Countywide Transportation Plan Regional Transportation Plan Expenditure Plan & Strategic Plan PROP K RELATIONSHIP TO THE RTP • Implementation of the Expenditure Plan relies on extensive leveraging of other funds - consistency with the RTP is a condition of eligibility for most federal and state fund sources • The RTP provides a basis for regional advocacy for new revenue sources • The Countywide Transportation Plan, Strategic Plan and 5YPPs are key inputs into the RTP

  13. SCHEDULE HIGHLIGHTS Milestones correspond to Citizen Advisory Committee (CAC) meetings, except where noted.

  14. PUBLIC INPUT OPPORTUNITIES • Authority Board and committee meetings • Public Workshops • Late January 2008 • February 27, 2008 – immediately preceding the CAC meeting • Contact Authority Staff • Contact Project Sponsor Staff • Other Authority outreach (website, direct mailing) • Other Project Sponsor outreach, if appropriate

  15. FOR MORE INFORMATION • Website: www.sfcta.org; click on Funding Opportunities, then Prop K • Authority Policy & Programming Staff: Maria Lombardo, Deputy Director Amber Crabbe, Senior Transportation Planner Melissa Pelkey, Senior Transportation Planner Email: firstname@sfcta.org (e.g. maria@sfcta.org) Phone: 415.522.4800

  16. www.sfcta.org 415.522.4800 info@sfcta.org

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