this is an update of the geobond rate. the red line at the top is the 2006 rate. increased property tax rates while we have issued $1.50 billion worth of bonds. the white on the bottom shows the bonds that have been issued. the colored bars above show the ones that are to be issued. some of those are contemplated in to the future. we have had lots of discussion and we always do at the capital planning committee about this graph and how we can continue to manage all those on that needs -- unmet needs in a way that is responsible and not overly burdensome on property owners. one of the drivers of this graph and people have asked can we increase the spawn or about one, one of the drivers is the assessed value of property across the city. that read bar moves up or down based on the excess of value. early in our days we were looking at a 4.5% growth in value every year. the past two years we have seen that taper off dramatically because of the recession. and now the estimates forc fiscl year 13 -- a goes to 3% for two years and back up to 4.5% after fiscal year 16 to t

of which, coming to the mta, the mta has not generally been a significant center -- player in the geobond table. the mta has been seen as independent in its need to generate its own capital improvement money. this idea actually came from the budget balancing panel. that we should consider the voters at large as a possible avenue for capital revenue for program where we have a clear investment that we can articulate in terms of service improvement. we have built in an assumption of this and have not yet begun to take it through the city process to get it into the capital plan. it is an idea that is worth pursuing. we are putting it into the five- year plan. the other thing that you will see on the slide are the revenue bonds that you had previously approved. so that those lines make for new revenue items. new revenue items for our capital plan. moving to the next slide, we were kind of walking you through a bill but a change. from projections that we previously showed you on a five- year side, showing kind of what it works out to on the to your side, -- two years side. things seem to get d