San Francisco County Transportation Authority
Moving the City

The 2005 Prop K Strategic Plan was approved by the Authority Board on March 22, 2005. The 2005 Prop K Strategic Plan delivers the half-cent transportation sales tax to the categories of transportation needs in the Expenditure Plan authorized by voters in November 2003. While the Expenditure Plan established eligible programs and projects, it did not provide any guidance as to the timing of allocation of those revenues over the 30-year life of the Expenditure Plan. The Strategic Plan reconciles the need for funds, resulting from sponsor-generated project schedules, with the expected timing of availability of revenues. It does so by taking into account the schedule for availability of state, federal and other funds beyond Prop K; the Authority's debt issuance capacity; the Authority's own assessment of the deliverability schedule for proposed projects; and by balancing the costs associated with project escalation versus debt financing. The Strategic Plan also sets policy and provides guidance for the administration of the program, ensuring prudent stewardship of the funds. The Plan recommends a strategy that delivers the voter-mandated Prop K Expenditure Plan early on in its lifespan by significantly expanding the current debt program, but it also lays out a responsible, fiscally constrained road map that retires all debt during the 30-year duration of the Expenditure Plan, while minimizing the cost of funds, ensuring accountability and oversight, exercising solid financial controls and optimizing leveraging of other funds.

Download PDFs for the 2005 Prop K Strategic Plan (does not include tables and appendices)

• Tables 1, 2, and 3
• Appendix A
• Appendix B
• Appendix C
• Appendix D
• Appendix E and approved changes