This ordinance calls for a special election on June 7, 2022, to let voters decide on a $400 million bond for transportation and street safety improvements in San Francisco. It also allows landlords to pass on half of the resulting property tax increase to tenants and requires certain projects to follow a Project Labor Agreement.
Ordinance calling and providing for a special election to be held in the City and County of San Francisco on Tuesday, June 7, 2022, for the purpose of submitting to San Francisco voters a proposition to incur the following bonded indebtedness of the City and County: $400,000,000 to finance the costs of construction, acquisition, and improvement of certain transportation, street safety and transit related capital improvements, and related costs necessary or convenient for the foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase to residential tenants under Administrative Code, Chapter 37; applying provisions of Administrative Code, Section 6.27, requiring certain funded projects to be subject to a Project Labor Agreement; providing for the levy and collection of taxes to pay both principal and interest on such bonds; incorporating the provisions of Administrative Code, Sections 5.30 through 5.36, setting certain procedures and requirements for the election; finding that the proposed bond is not a project under the California Environmental Quality Act (CEQA); and finding that the proposed bond is in conformity with the eight priority policies of Planning Code, Section 101.1(b), and with the General Plan consistency requirements of Charter, Section 4.105, and Administrative Code, Section 2A.53.
How it got here
The Muni Reliability and Street Safety General Obligation Bond originated from a series of transportation task forces aimed at addressing the city's infrastructure needs.
The task force estimated that $10.1 billion would be needed for transportation infrastructure improvements over the next 15 years.
This task force identified an additional $22 billion in funding needs for transportation investments.
The group updated the vision for transportation based on community input and identified the need for a $400 million bond to fund improvements.
The Board introduced the ordinance calling for a special election to approve a $400 million bond for transportation improvements.
The Planning Department found that the proposed bond is in conformity with the General Plan and the eight priority policies of the Planning Code.
The Board determined that the proposed bond is not a project under CEQA, allowing it to proceed without further environmental review.
The Board passed the ordinance for the bond on first reading, setting the stage for the June 7, 2022 election.
The Mayor approved the ordinance, finalizing the process for placing the bond measure on the ballot.
Reconstructed from attached documents & the official record
