I have a raster in NAD83 CA State Plane Zone II (US feet) that I need to project to NAD83 CA Teale Albers (US feet). When I run the project raster tool, the false northing on the output raster changes from -4,000,000 (what it should be per the .prj file) to -13,123,333.3333. The difference between the two numbers is a factor of 3.28 so my guess this is a feet to meters issue.
The values of the original raster (the one in SP) are in feet. The spatial reference properties are:
Spatial reference: NAD_1983_StatePlane_California_II_FIPS_0402_Feet
Linear Unit: Foot_US (0.304801)