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Board approves two-year budget package, adds $25 million for affordable housing and calls November special election on $310 million bond
Summary
The Board of Supervisors approved the fiscal 2015-16 and 2016-17 budget package after committee work, adding a $25 million allocation for affordable housing and forwarding an ordinance to place a $310 million affordable-housing bond on the November ballot.
San Francisco—00—2�s Board of Supervisors on July 21 approved annual appropriation and salary ordinances for fiscal 2015-16 and 2016-17 and several related motions, endorsing a budget the board—00—2�s Budget and Finance Committee described as a consensus package that trims and reallocates funds while increasing targeted dollars for affordable housing and services.
The board, led in debate by Budget Chair Supervisor Mark Farrell, described the package as the product of months of committee work and late-night meetings. Farrell and others said the board—00—2�s amendments restored about $25 million specifically targeted to affordable-housing production over the two-year plan and added funding for homeless services, food security, child care, workforce development and pedestrian-safety programs.
Highlights and context: The mayor—00—2�s budget numbers were cited in committee as roughly $8.92 billion for the…
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