local network, both on the railway side, as well as on the transit side, and for that i've got oscar quintanilla here to provide a presentation. >> the other mr. quintanilla, good morning. >> good morning, commissioners. as you know, in april 2017 governor brown signed into law the road repair and accountability act, also known as senate bill 1. this landmark transportation investment package is funded by a combination of gas taxes and vehicle registration fees and provides over $5 billion annually for transportation projects across california. the state gas tax was last raised in 1994, and since then has lost 40% of its value due to inflation, and with increases to fuel efficiency and more electric vehicles, there's less revenue to repair our roads for every mile driven. this past june california voters also passed prop 69, which ensures these funds are only used for transportation improvements. i wanted to share with you this chart prepared by the metropolitan transportation commission, which shows s.b. 1, how s.b. 1 increases state funding in the bay area alone. on the left you can see pre-s.

second group, the companion item, which is is the strategic plan which will be presented by oscar quintanilla in the following programs. and so with that i can take any questions and there are many project managers here as well. >> chair peskin: thank you, miss lafort for that comprehensive presentation. as we discussed offline in my office with regard to the central subway funds, it is your representation and the m.t.a.'s representation that the project is still on budget, albeit behind schedule, correct? >> that is my understanding. >> chair peskin: tilly? >> so, chairperson, i don't think that we can have the status of the budget -- >> chair peskin: why don't we have mr. ho come up? >> thank you. >> good morning, president, commissioner. my name is albert ho with central subway. so currently the central subway program is behind schedule but our budget overall $1. $1.587 billion is still on target as we move forward with trying to finish the program. >> chair peskin: that was the representation that i was looking for. commissioner yee. >> commissioner yee: thank you. just a quick question,