“While we’ve made tough decisions in order to developa responsible, balanced budget, we have done everything we can to avoid additional fare increases and service cuts. This budget reflects our commitment to the city’s Transit First policyand allows for improvement in all modes of transportation,” said Reiskin.
Key components of two-year capital budget:
Sixteen capital programs funded. The Capital Budget consists of $582.3million in FY 12-13 and $477.8million in FY 13-14, funding various projects within 16 capital programs. Funding commitments include:
·Targeted $38 million investment in Muni Metro System track and signal infrastructure to improve service reliability
·More than $447 million to continue development of the Muni Metro T Third Central Subway project to decrease travel time and improve mobility
·Investment of $1 million in complete street improvements on Fell and Oak, adding a vital link to San Francisco’s bicycle network
·Investment in $7 million to continue implementation of the San Francisco Bicycle Plan.
·Investment of $185 million in the Muni bus fleet to reduce maintenance costs and improve service reliability
·Investment of $10 million in complete street investments in Department of Public Works’ paving projects, improving bicycle and pedestrian safety
·Investment of $2.9 million in creating safe environments for San Francisco children to get to school
·Investment of $32 million in traffic and signal infrastructure for reduced maintenance costs and implement transit signal priority
·Investment of $1.8 million to increase the electric taxi fleet infrastructure and invest in improved taxi access and reliability