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half of that was part of the prior planning? that s right. okay so the additional half cent is like 1.7 million? the additional half cent will be directly on the general fund about 1 dot 4 or 1 dot 5 million for electricity and in addition the mayor s proposal full reimbursement then the additional cost to go solar? the additional cost to go solar would be to go solar would be $3 million a year over the next 2 years. okay so basically most of the half cent goes to go solar? that s the equivalent, yeah. thank you. so again shows the dramatic improvement compared to what we started with back in february and it was also with difficult choices so just to be able to assume the one penny over the next 3 years and a half a penny a penny as well as to update it to reflect the third quarter strong reserve that s slightly more than 15 percent. sorry stuck on that question so you don t need to attribute a certain pot of money for a program like go go sola ....
next week on may 21st and and also may 28th and we ll have the board s budget hearings and review the budget now in detail with the board s budget budget analysts and the financial plan as a number of sheets included in it going through all the various scenarios and so that when we do we do go to the bond market, we go through all the key risks as well as all the key, flexibilities that we have in the enterprise. summarized on page 8 and also the solving of a very large fiscal imbalances and the key assumptions are on page 8 and they do include one example of a revision that i d like to make administratively if you so authorize in your amendment to update the capital plan increase to reflect the the $155 million worth of reductions and assume power revenue bonds over the 10 years as well as the one penny reductions and then level out towards about a half a penny and to the degree rate increases are more than half a penny that would allow us to add back some of the cut c ....
benefit the public dollar if you will? i know i m not saying that right but aren t we subsidizing a residential program right? it is a residential program and it s a program that s not directly our customers currently but it s a policy prerogative and so it really is a policy choice. so it doesn t need to be a direct transfer from a certain source of money? my reason for raising the point is that it is sometimes viewed that that hetchy funding a program like go solar is free money, it s not. so that you know the more that we do, the more pressure that puts in on general fund power rates and the more pressure that puts on the general fund right. we re at a point now where there s reserves where we used to have cash reserves they are projected to be significantly lowered to what are just what our 15 percent levels are the lowest levels given the volatility that we re in. so now that we have to go borrow money to bond fund our capital. mr. general manager? i ....
prior planning? that s right. okay so the additional half cent is like 1.7 million? the additional half cent will be directly on the general fund about 1 dot 4 or 1 dot 5 million for electricity and in addition the mayor s proposal full reimbursement then the additional cost to go solar? the additional cost to go solar would be to go solar would be $3 million a year over the next 2 years. okay so basically most of the half cent goes to go solar? that s the equivalent, yeah. thank you. so again shows the dramatic improvement compared to what we started with back in february and it was also with difficult choices so just to be able to assume the one penny over the next 3 years and a half a penny a penny as well as to update it to reflect the third quarter strong reserve that s slightly more than 15 percent. sorry stuck on that question so you don t need to attribute a certain pot of money for a program like go go solar that doesn t go back and bene ....
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