. >> good afternoon, chair avalos, members of the committee and supervisor campos, fred brusoo from the budget and legislative analyst office. i'll work through our report. a cost-benefit analysis of waving muni fares for students or residents, ages 5 to 17. and the objective of this analysis was to identify the costs and benefits associated with the proposal. we worked with -- we worked with both the school district and most the m.t.a. to obtain numbers, ridership, cost data and so forth so that we could identify the costs and benefits associated with the proposal. as i said, it's already been mentioned that the proposal is for waived fair for youth 5-17, 24 hours a day, seven days a week, 365 days a year. the numbers we worked through on this slide, the number of youth in san francisco, about 75,000, from the 2010 u.s. census. the number of youth enrolled in public schools, san francisco unified, 53,000, and private schools, 23,000. and the proposal is we dealt with it and assumed students would be eligible whether they're in public or private. and that could mean some nonresidents, p