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All right. Good morning, Everyone Welcome to the september 12 meeting of San Francisco county Transportation Authority board. Im supervisor mandelman im chair. Vice chair is melgar. I want to thank sfgovtv. That is who im thanking and our clerk is elijia seaneders. Commissioner chan. Present. Commissioner dorsey. Present. Commissioner engardio. Present. Why chair mandelman. Why present. Voice chair melgar. Present. Commissioner supervisor peskin. Present. Commissioner preston. Present. Why commissioner ronen. Present. Commissioner safai. Absent commissioner stefani. Present. Why commissioner w...

All right. Good morning, Everyone Welcome to the september 12 meeting of San Francisco county Transportation Authority board. Im supervisor mandelman im chair. Vice chair is melgar. I want to thank sfgovtv. That is who im thanking and our clerk is elijia seaneders. Commissioner chan. Present. Commissioner dorsey. Present. Commissioner engardio. Present. Why chair mandelman. Why present. Voice chair melgar. Present. Commissioner supervisor peskin. Present. Commissioner preston. Present. Why commissioner ronen. Present. Commissioner safai. Absent commissioner stefani. Present. Why commissioner w...

Inflation. 3. 75 for Wage Inflation and 7. 5 for discount rate. Were proposing two options for assumption. Option one would reduce Price Inflation and Wage Inflation and discount rate by 25 base points. Option two would reduce price and wage by 25 basis points. The data in the study shows the reasons for pushing in particular the Price Inflation down. Then we have a discussion of the discount rates, i guess we show the historical changes weve made in these assumptions. If im just going to skip forward just quickly, Price Inflation, if you look at all the survey information, 3 is kind of a high...

For discount rate. Were proposing two options for assumption. Option one would reduce Price Inflation and Wage Inflation and discount rate by 25 base points. Option two would reduce price and wage by 25 basis points. The data in the study shows the reasons for pushing in particular the Price Inflation down. Then we have a discussion of the discount rates, i guess we show the historical changes weve made in these assumptions. If im just going to skip forward just quickly, Price Inflation, if you look at all the survey information, 3 is kind of a high level. There are some of the california plan...

So we have the current assumptions of 3. 25 for Price Inflation. 3. 75 for Wage Inflation and 7. 5 for discount rate. Were proposing two options for assumption. Option one would reduce Price Inflation and Wage Inflation and discount rate by 25 base points. Option two would reduce price and wage by 25 basis points. The data in the study shows the reasons for pushing in particular the Price Inflation down. Then we have a discussion of the discount rates, i guess we show the historical changes weve made in these assumptions. If im just going to skip forward just quickly, Price Inflation, if you l...