9/4/25 SCCRTC P7b - Measure D Expenditures and Financing Continued

Overview

• Significant funding gap for rail trail segments 8-11, with a shortfall of $17 million (projected cost: $137M + $88M = $225M; grants received: $120M).
• Measure D revenues are nearly fully committed, limiting future borrowing and project capacity.
• Urgency to secure additional funding by June 2027 to avoid losing $120M in outside grants.
• No contingency for litigation costs included in current budgets.
• Scaling back project scope may risk current grant funding and require state approval.

Measure D Borrowing and Revenue Constraints

• Borrowing for active transportation projects uses only Measure D active transportation revenues, not full Measure D revenue.
• Other Measure D p ...