Monday, August 28, 2017

The Central Subway numbers are the same

Steven Stamos at the SFCTA responded to my question about the city's contribution to the Central Subway project:

Mr. Anderson,

The SFCTA's contribution to the project has not changed. The $124 M in Prop K for Central Subway is still the correct figure. The apparent discrepancy appears to be the result of how the article grouped various fund sources into local, state and federal grant totals. Specifically, it looks like the article also counts the $14 M in State Transportation Congestion Relief Program (TCRP) funds that the SFCTA programmed to the project and a small amount of federal funds that we had exchanged with sales tax several years ago. ($123M Prop K + $14 M TCRP + $2 M federal funds = $140 M).

Please let me know if you have any additional questions.

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