This resolution updates San Francisco's 10-year capital spending plan for 2026-2035 by changing the government bond program and combining funding for transportation projects. It aims to streamline financial resources for better management of transportation initiatives.
Resolution amending the City’s 10-year capital expenditure plan for Fiscal Years (FYs) 2026-2035 to amend the proposed government obligation bond program and consolidate funding for transportation projects.
How it got here
The legislation originated from the need to amend the City's 10-year capital expenditure plan to consolidate funding for transportation projects into the Earthquake Safety & Emergency Response Bond.
The Capital Planning Committee unanimously adopted the 10-year capital expenditure plan for Fiscal Years 2026-2035, which included various proposed general obligation bonds.
The Board of Supervisors approved the Capital Plan, which outlined funding for several general obligation bonds, including a transportation bond for $235 million.
The Committee adopted an amended capital expenditure plan to consolidate transportation funding into the Earthquake Safety & Emergency Response Bond, increasing its amount to $535 million for the June 2026 election.
The Mayor's Office transmitted the resolution amending the capital expenditure plan to the Board of Supervisors for consideration.
The Budget and Finance Committee recommended the resolution for adoption by the Board of Supervisors.
The Board of Supervisors adopted the resolution amending the 10-year capital expenditure plan, finalizing the consolidation of funding for transportation projects.
The Mayor approved the resolution, officially amending the City's capital expenditure plan for FYs 2026-2035.
Reconstructed from attached documents & the official record
This ordinance changes the schedule for reporting Capital Expenditure Plans from odd-numbered years to even-numbered years. The next report will be due on March 1, 2028.
The ordinance calls for a special election on June 2, 2026, to ask San Francisco voters if the city can borrow up to $535 million for improvements to public safety facilities, including the Emergency Firefighting Water System and police infrastructure. It also allows landlords to pass on 50% of any resulting property tax increase to residential tenants.
This resolution authorizes the construction and improvement of various public safety facilities, including the Emergency Firefighting Water System and police infrastructure, to enhance earthquake preparedness, with an estimated cost of $535 million. It also allows landlords to pass on 50% of any resulting property tax increase to residential tenants.
This ordinance changes the schedule for reporting Capital Expenditure Plans from odd-numbered years to even-numbered years. The next report will be due on March 1, 2028.
The ordinance calls for a special election on June 2, 2026, to ask San Francisco voters if the city can borrow up to $535 million for improvements to public safety facilities, including the Emergency Firefighting Water System and police infrastructure. It also allows landlords to pass on 50% of any resulting property tax increase to residential tenants.
This resolution authorizes the construction and improvement of various public safety facilities, including the Emergency Firefighting Water System and police infrastructure, to enhance earthquake preparedness, with an estimated cost of $535 million. It also allows landlords to pass on 50% of any resulting property tax increase to residential tenants.
