Proposition K | Strategic Plan

Photo of street resurfacing

The Prop K Strategic Plan is the financial tool that guides the timing and allocation of Prop K revenues over the 30-year Expenditure Plan period. It reconciles the timing of expected Prop K revenues with the schedule for when project sponsors need those revenues in order to deliver projects by taking into account the schedule for availability of state, federal and other funds beyond Prop K, the Transportation Authority's debt issuance capacity, the Transportation Authority's own assessment of the deliverability schedule for proposed projects, and the costs associated with project escalation and debt financing. The Prop K Strategic Plan also sets policy and provides guidance for the administration of the program ensuring prudent stewardship of the funds. Finding a balance between the availability of funds and project delivery is an iterative process that requires examining policy, analyzing agency capabilities to delivery projects consistent with the schedule and costs they have proposed, and maximizing fund leveraging opportunities without which the Expenditure Plan program of projects cannot be delivered.

2019 Strategic Plan Baseline

The 2019 Strategic Plan Baseline serves as an interim step towards a full update later this year, once the 2019 Prop K 5YPPs are adopted by the Transportation Authority Board. The baseline incorporates actual revenues and expenditures (including financing costs), updated revenue projections, and updates to the Strategic Plan model assumptions such as interest costs related to debt issuance. The 2019 Prop K Strategic Plan Baseline also incorporated programming and cash flow updates for the major capital projects and the paratransit category.
 

2019 Strategic Plan Update Approach

Previous Strategic Plans