San Francisco County Transportation Authority
Moving the City

The 2009 Proposition (Prop) K Strategic Plan was provisionally adopted by the Authority Board on July 28, 2009.

The Prop K Strategic Plan delivers the half-cent transportation sales tax to the transportation categories identified in the Prop K 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 allocation of those revenues over the 30-year life of the Expenditure Plan. See information on the Expenditure Plan.

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 Authority's debt issuance capacity, the 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. 

The 2009 Prop K Strategic 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.

• 2009 Prop K Strategic Plan (does not include appendices) (July 2009)
• Amended 2009 Prop K Strategic Plan Executive Summary (March 2010)
  
• Appendix A (Updated March 2010)
  
• Appendix B (Updated March 2010)
  
• Appendix C (Updated March 2010)
  
• Appendix D (Updated March 2010)
  
• Appendix E (Updated November 2010, Resolution 11-23)
  
• Appendix F (Updated November 2010, Resolution 11-23)
• Appendix G (Updated November 2010, Resolution 11-23)
• Appendix H (Updated November 2010, Resolution 11-23)
• Strategic Plan Glossary Coming Soon