San Francisco prepares 2024 bond issuance and launches annual report process

The San Francisco City Committee convened on August 27, 2025, to discuss key financial initiatives and procedural improvements. The meeting began with a presentation on upcoming bond issuances, led by Vishal Torelli from the Office of Public Finance. The committee is preparing to issue two significant bond series: the 2024 Healthy, Safe, and Vibrant San Francisco bonds, expected to price in September and close in October, and the third issuance of the 2020 Health and Recovery Bonds, which is contingent on the outcomes of the Homekey Plus grants.

Torelli noted a revision in the expected par amount for the Vibrant bonds, now estimated at $130 million instead of the previously mentioned $189 million. This adjustment is due to the decision to defer some projects until a second issuance planned for 2026. The committee discussed the timeline for naming liaisons to oversee these bond proceeds, suggesting that assignments should occur within the fiscal year following the bond issuance.

The meeting also addressed the need for improved communication regarding agenda items and presenter identification. Committee members expressed a desire for more accurate time estimates for presentations and suggested including the names of presenters on future agendas to facilitate better engagement during discussions.

Public comment was invited, but no members of the public chose to speak. The meeting concluded with a commitment to enhance the organization of future meetings and ensure timely submissions for the annual report, with a deadline set for September 15.

Overall, the committee's discussions highlighted ongoing financial planning efforts and a focus on procedural enhancements to improve meeting efficiency and transparency.