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Board approves $3.5 million budget reallocation to aid SoMa and Terra Bella small businesses
Summary
Supervisors passed a first-reading ordinance reappropiating $3.5 million: $3 million for a SoMa relief fund and $500,000 for transportation and Lunar New Year support, with local supervisors urging a long-term relief program for businesses affected by public works.
The San Francisco Board of Supervisors on Feb. 27 approved on first reading an ordinance to reappropriate $3.5 million in city funds to support small businesses affected by construction and special events.
The action deappropriates approximately $3.5 million from general city reserves and reallocates $500,000 to the Municipal Transportation Agency for two-hour free parking in Portsmouth Square garages, ambassador services and transit fares for the Lunar New Year parade, and directs $3 million to the Office of Economic and Workforce Development for a relief fund to assist SoMa-area businesses and a…
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