Policies governing the Plan are discussed in the Introduction as well as the Capital Sources chapter. The Plan also lays out a number of goals that continue key objectives from previous years, including robust funding for asset preservation, relocating critical City services to seismically sound facilities, and construction of several public infrastructure projects to improve services and quality of life.
As shown in Table 1.1, this Plan captures $24.8 billion in recommended direct City investments and $16.7 billion in external agency investment, which total $41.4 billion in capital improvements citywide. This work is estimated to create over 173,000 local jobs over the next decade.
Table 1.1
Capital Plan Summary in Five-Year Intervals (Dollars in Millions) |
FY24-28 |
FY29-33 |
Plan Total |
||||||
---|---|---|---|---|---|---|---|---|---|
By Service Area |
|||||||||
Affordable Housing |
2,323 |
1,596 |
3,920 |
||||||
Public Safety |
688 |
725 |
1,413 |
||||||
Health and Human Services |
495 |
406 |
901 |
||||||
Infrastructure & Streets |
7,123 |
3,360 |
10,483 |
||||||
Recreation, Culture, and Education |
2,721 |
1,608 |
4,329 |
||||||
Economic & Neighborhood Development |
2,682 |
2,056 |
4,738 |
||||||
Transportation |
8,628 |
6,687 |
15,315 |
||||||
General Government |
92 |
219 |
311 |
||||||
Total |
24,753 |
16,657 |
41,410 |
||||||
|
|
|
|
||||||
By Department Type |
|||||||||
General Fund Departments |
2,963 |
2,753 |
5,716 |
||||||
Enterprise Departments |
11,492 |
7,551 |
19,043 |
||||||
City & County Subtotal |
14,456 |
10,304 |
24,759 |
||||||
External Agencies |
10,297 |
6,354 |
16,651 |
||||||
Total |
24,753 |
16,657 |
41,410 |