Board approves multi-hundred-million PUC bond and appropriation package to fund water, power and wastewater projects

The San Francisco Board of Supervisors unanimously approved a package of revenue bond and appropriation ordinances on June 12 that the city said will fund capital projects for the San Francisco Public Utilities Commission (SFPUC).

The ordinances and appropriations, taken together as Items 1 through 6 on the agenda, authorize the issuance or appropriation of several revenue bond measures for SFPUC enterprises. The measures as described at the meeting included: authorization of power revenue bonds up to approximately $155,000,000 (Item 1); water revenue bonds up to approximately $478,000,000 (Item 2); an appropriation package described as approximately $1,200,000,000 of proceeds for SFPUC wastewater capital improvements and related controller reserves (Item 3); wastewater revenue bonds up to approximately $987,000,000 (Item 4); an appropriation of roughly $340,000,000 from Hetch Hetchy, cap-and-trade and revenue bonds for PUC capital projects (Item 5); and an appropriation of roughly $483,000,000 for the PUC water enterprise capital improvement program (Item 6). The clerk read the ordinance summaries aloud during the staff presentation.

The measures were approved on a unanimous roll call: all 11 supervisors recorded aye votes. The board acted on the package together after the clerk called Items 1 through 6 and asked for the roll.

Why it matters: The measures authorize financing and appropriations intended to fund long‑term capital projects across SFPUC’s power, water and wastewater systems. The clerk’s descriptions at the meeting identify controller reserves and a combination of revenue bonds, state loans and state grant funds as potential sources. The board did not adopt detailed project-level spending directions during the floor action on June 12; project-level allocations and oversight remain tied to SFPUC planning and controller processes.

Details and limits: The meeting record contains approximate figures as read into the record by the clerk. Where precise ordinance numbers, project lists or later implementing resolutions were not available in the oral summary, those specifics were described in the meeting materials but were not recited on the floor; they are not restated here beyond the approximations read at the hearing. No speaker on the floor offered amendments or recorded a contrary vote during the roll call.

Votes at the meeting: Items 1–6 were adopted unanimously (11–0).