These future discretionary revenues total $74 billion, approximately 24 percent of the total projected Plan Bay Area 2040 revenues, as shown in Table 3.5. (Fresno MSA), Imperial County Projections of household growth assume that household size will be constrained by costs and affected by a greater share of multigenerational households, plus more two-person senior households as the gap between male and female longevity narrows. California produces long-term (10 year) projections of employment every 2 years for the State and local areas. For more information on Plan Bay Area 2040’s employment and household projections, please see the  Regional Forecast of Jobs, Population and Housing. If any questions arise related to the information contained in the translated website, please refer to the English version. Print. Source: Association of Bay Area Governments, 2016. By 2040, there will be no clear majority or plurality in terms of race/ethnicity in the Bay Area. How much money is available to pay for these two components? The people at City Hall whose job it is to add up numbers are at a loss these days. Job Outlook for California Community College Educational Programs, Industry Employment Projections Methodology, Occupational Employment Projections Methodology, Bureau of Labor Statistics Training Level Definitions, Occupational Employment and Wage Statistics, Fresno County Regional Growth Projections to 2040 2010 Regional Population: 7,150,739 Plan Bay Area + 2.1 million people + 1.1 million jobs + 660,000 housing units Regional Growth Strategy • Priority Development Areas absorb about 80% of housing; 66% of new jobs. San Francisco: California Employment Development Dept., Northern California Employment Data and Research Section, ̈. Only to subtract. Source: Metropolitan Transportation Commission, 2016. It is 736% greater than the overall U.S. average. Manufacturing and resource extraction industries are expected to continue declining, as they have for decades. The new Warm Springs BART station opened in spring of 2017, bringing rapid transit closer to job growth in the South Bay. TABLE 3.1 Bay Area population, employment and household projections. FIGURE 3.3 Forecasted transportation revenues for Plan Bay Area 2040. It was built in cooperation with the California Community Colleges Chancellor's Office (CCCCO). Discretionary funds are important not only because of their flexibility, but also because they reflect future revenues the region can leverage to influence policy and implementation. The Professional/Managerial sector is expected to grow in the Bay Area by 2040. Credit: Kompania Piwowarska, Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic license. Current projections indicate that the present system will meet San Francisco's needs until the year 2020. What will the Bay Area look like in 2040? (Modesto MSA), Tulare County The average cost of utility (piped) gas at $1.598 per therm in November was higher than the $1.362 per therm spent last year. Jobs in manufacturing and resource extraction industries, for example, have been declining for decades and are expected to continue decreasing. Source: Metropolitan Transportation Commission, 2016. Email. This Google™ translation feature, provided on the Employment Development Department (EDD) website, is for informational purposes only. The pace of future household growth is expected to increase as the population ages and more working-aged adults enter the region. Estimating Costs to Operate and Maintain Existing System. MTC also worked with partner agencies to determine funding needs for projects that would expand capacity and increase system efficiency beyond operating and maintaining the existing system. Association of Bay Area Governments, "Provisional Series 3 Projections: Population, Housing, Employment, and Land Uses - San Francisco Bay Region" (1977). With an additional 2 million people, the Bay Area’s residents in 2040 will be older and more diverse. (San Luis Obispo-Paso Robles-Arroyo Grande MSA), Santa Barbara County Answering these questions, as well as identifying the locations of future housing and job centers, is important for determining where to spend the Bay Area’s transportation resources. Like other metropolitan regions, the Bay Area receives transportation funding from a vast array of federal, state, regional and local sources. The next section, Strategies and Performance, will explain the forecasted development pattern of household and employment growth, and how transportation funding resources will be invested to support it.