SF voters may get more money than anticipated for better transit and safer streets from the passage of Proposition B, a measure crafted by Supervisor Scott Wiener to increase the share of general funds for transportation based on population growth.
With city coffers boosted by tax revenues resulting from a booming economy, Prop B is expected to yield $26 million in the next annual budget, 75 percent of which would go to Muni, with the remainder dedicated to pedestrian and bike safety upgrades. Originally, only $22 million was expected.
Of the nearly $19.5 million expected for Muni, most will cover the purchase of 18 new buses. The other $6.5 million will fund various street safety measures in pursuit of Vision Zero.
“It’s a really strong list,” said Wiener, “and it’s doing exactly what we intended Prop B to do — to improve Muni’s reliability and capacity in the face of a growing population, and to make street safety improvements as our streets become more crowded.”
Prop B instituted a city charter amendment mandating annual increases in the share of general funds set aside for transportation, based on population growth. The first increase of $26 million, which the Board of Supervisors must approve as part of the annual budget by July, accounts retroactively for the last ten years of growth. Commensurate increases are expected in the years to follow.
Wiener proposed the measure last year after Mayor Ed Lee dropped his support for a ballot measure to restore the local vehicle license fee to its longtime level of 2 percent. That was expected to yield an estimated $1 billion over 15 years, restoring a revenue stream cut by former Governor Arnold Schwarzenegger. Mayor Lee can repeal the Prop B amendment if a VLF increase is passed by voters in 2016.