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SFPUC adopts 10‑year financial and capital plans after bond sale yields $150M in projected savings
Summary
Following a staff budget presentation and public comment, the commission adopted its 10‑year financial plan, 10‑year capital plan and operating mid‑cycle adjustments and approved an amendment to incorporate $150 million in projected ratepayer savings from a successful sewer bond sale.
The San Francisco Public Utilities Commission voted to adopt updated 10‑year financial and capital plans and to approve mid‑cycle operating adjustments after a budget hearing that included public comment and a supplemental amendment tied to a successful sewer bond sale.
Todd Reitstrom, the commission’s Assistant General Manager and Chief Financial Officer, reviewed the mid‑cycle changes to the two‑year budget and the 10‑year capital plan. Reitstrom said the budget had previously been approved by the commission, the Board of Supervisors and…
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