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Internally. There are still external factors that impact the deliverability of projects. Were a heavy process town. I know you get these issues at this committee and there is engagement in the process and sometimes it spreads the timeline of projects. The ceqa process some of the work were doing requires a full eir and can take two years and the ceqa process can be in the way as well so were trying to be effective and smart in planning for the ceqa process and the Community Engagement is effective but there is factors outside of what we can manage as an industry that impact the timelines but its something were focused on and want to make sure whatever resources we have whether from the federal government, the State Government or regionally or locally we put them into the ground and benefit the Transportation S ....
Funding that we can obtain is actually used for transit, and one of the arguments that ive been making for the last few years we have gotten into a bad habit in San Francisco from diverting transit money to other admittedly important policy needs, whether its impact fees we see it all the time. Transit impact fees are non existent or low and other fees are high and for other important needs. We saw it when a bunch of muni money was shifted over to the Police Department in the form of a traffic work order which fortunately is starting to be reduced and i think we will continue to see for example the vehicle license fee and we assume its going on the ballot for next november and were all supportive of it. Its my view the bulk of that money should be used for Public Transportation, but there are people who have all ....
Government to expand and meet the demand that we have been talking about. We recently got a transit performance grant from mtc to improve service on some of the heavily traveled lines. We have 62 new buses. I think half of them are here and the entire bus fleet will be replaced within the next five years. Thanks to your leadership we got prop b passed and smoothing streets and pedestrian and bike infrastructure and also has funds for traffic signal infrastructure. But as you mentioned we have a significant backlog. In todays term focus you look at the value of our assets and the percentage of each category of assets that are currently beyond their useful life that represents about 2. 2 billion dollars backlog which will grow over time if we dont have investment to that 5 million you referenced earlier. 5 billion you referenced earlier. Generally to bring the assets in state of good repair we need to spend 5 million a year for 20 years and we currently have half of that and in terms of ....
Budget and timeline so we can properly set the public expectations like the library and hospital projects and the rec and park projects. Thank you. And just a i guess we are tag teaming today and follow up on the issue of project delivery. I mean i will be the first to advocate that as important as our political process is that at times we allow the political process to go on with no end in sight and repeat itself and decisions never become public and shown with the major drama around a modest piece of ceqa legislation that i sponsored and that we just passed thank you colleagues. Its a hard issue, but beyond ceqa and process issues i know there has been some discussion about the mtas own process or multidesigns of process that some agencies dont have and maybe could use another look, and i am also glad to hear about the renewed top Level Management focus on moving Capital Pr ....