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Board adopts budget ordinances, places $600 million affordable-housing bond on November ballot; dozen ordinances and resolutions pass unanimously
Summary
At its July 30 meeting the San Francisco Board of Supervisors approved multiple budget ordinances, financing actions and resolutions — including a measure to place $600 million in bonds for affordable housing on the November ballot — and cleared a package of administrative changes and grants unanimously or by unanimous consent.
The San Francisco Board of Supervisors on July 30 adopted a series of budget ordinances, financing measures and resolutions — including a resolution to place a $600,000,000 affordable-housing general obligation bond on the November ballot — as part of a broad consent and budget package.
The measures included the city's annual budget and appropriation ordinance for fiscal years 2019–20 and 2020–21; authorization to pursue refunding certificates of participation (COPs) tied to multiple capital projects with a not-to-exceed issuance of $160,000,000; changes related to fire-department fee schedules; and an ordinance eliminating overdue fines for library materials and forgiving related outstanding patron debt. The Board acted on several grant acceptances, real-estate acquisitions and housing-related loans and authorizations in the same session.
Why it matters: The package contains the principal spending and financing authorizations needed for the city to operate in the coming fiscal year and to proceed with…
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