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Supervisor Daley's affordable housing charter amendment fails after 4-7 roll call; measure would have set 33% of surplus to housing fund
Summary
A charter amendment that would have allocated 33% of any annual general fund surplus to a San Francisco Affordable Housing Fund failed 4-7 in the Board of Supervisors, after months of debate about budget flexibility and housing priorities.
A charter amendment proposed by Supervisor John Daly that would have required the city to dedicate one-third of any general-fund surplus to a new San Francisco Affordable Housing Fund failed on a 4-7 roll call Tuesday.
Sponsor's rationale and design: Daly said the amendment would use the controller's nine-month report as the basis for computing surpluses and, in years with a surplus, dedicate 33% of the surplus to the housing fund. The proposal included a 15-year sunset and a "release valve" that allowed the board to suspend the set-aside by an…
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