This ordinance allows San Francisco to use interest earned from the Early Care and Education Commercial Rents Tax to help fund early care and education programs in the fiscal years 2025-2026 and 2026-2027. It modifies the existing funding requirements to support these programs more effectively.
Ordinance modifying the baseline funding requirements for early care and education programs in Fiscal Years (FYs) 2025-2026 and 2026-2027, to enable the City to use the interest earned from the Early Care and Education Commercial Rents Tax for those baseline programs.
How it got here
This legislation originated from the need to modify funding requirements for early care and education programs in San Francisco, prompted by the financial implications of Proposition C passed in 2018.
Proposition C was approved, imposing a tax on commercial rents and requiring 85% of the revenues to fund early care and education programs.
This ordinance temporarily modified the baseline funding requirements for early care and education programs for FYs 2023-2024 and 2024-2025 to allow the use of interest earned from the Babies and Families First Fund.
This ordinance extended the modifications made by Ordinance No. 176-23 for one additional fiscal year.
The Mayor's Office submitted the proposed budget for FYs 2025-2026 and 2026-2027, including the ordinance to modify baseline funding requirements for early care and education programs.
The committee amended the proposed ordinance and recommended it for approval.
The ordinance was finally passed, allowing the City to use interest earned from the Early Care and Education Commercial Rents Tax to reduce baseline funding requirements for early care and education programs.
Reconstructed from attached documents & the official record
Proposes a change to city law: Modifying the baseline funding requirements for early care and education programs in Fiscal Years (FYs) 2026-2027 and 2027-2028, to enable the City to use the interest earned from the Early Care and Education Commercial Rents Tax for those baseline programs.
Proposes a change to city law: Modifying the baseline funding requirements for early care and education programs in Fiscal Years (FYs) 2026-2027 and 2027-2028, to enable the City to use the interest earned from the Early Care and Education Commercial Rents Tax for those baseline programs.
This ordinance allows San Francisco to use interest earned from the Early Care and Education Commercial Rents Tax to help fund early care and education programs in the fiscal years 2024-2025 and 2025-2026. It modifies the existing funding requirements to support these programs more effectively.
This ordinance changes the funding rules for early care and education programs for the next two fiscal years, allowing the city to use tax revenue from commercial rents specifically for these programs. It aims to ensure better financial support for early childhood education in San Francisco.
