This ordinance allocates $215 million from 2020 Earthquake Safety and Emergency Response bonds to the Public Utilities Commission and Department of Public Works for the fiscal year 2026-2027. The funds will be held in reserve until the bond proceeds are received.
Ordinance appropriating $138,000,000 of General Obligation (GO) Bond proceeds from 2020 Earthquake Safety and Emergency Response (ESER) GO Bonds, Series 2026C to the Department of Public Works (DPW) in Fiscal Year (FY) 2026-2027; and placing these funds on Controller’s Reserve pending receipt of bond proceeds.
How it got here
This legislation originated from the need to appropriate funds from the 2020 Earthquake Safety and Emergency Response General Obligation Bonds for public safety projects in San Francisco.
Voters approved Proposition B, authorizing $628.5 million in General Obligation Bonds for earthquake safety and emergency response projects.
The Mayor's Office submitted an ordinance to appropriate $215 million from the 2020 ESER GO Bonds to the Public Utilities Commission and Department of Public Works for FY 2026-2027.
The Capital Planning Committee reviewed the proposed appropriation ordinance as part of the budget process.
The Budget and Finance Committee scheduled a hearing to discuss the ordinance appropriating $215 million in bond proceeds.
The Board of Supervisors will consider the ordinance for the first time during a scheduled meeting.
The Board of Supervisors will hold a second hearing to further discuss and potentially approve the ordinance.
Reconstructed from attached documents & the official record
