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LAFCO approves FY2017–18 budget, reserves funds to study municipal bank
Summary
The commission approved a $297,342 FY2017–18 budget and agreed to retain at least $194,000 — including an additional ~$50,000 to start a municipal bank study — while noting the reserve is contingent on extension of an MOU with the SFPUC.
The San Francisco Local Agency Formation Commission approved a final fiscal-year 2017–18 budget of $297,342 and agreed to reserve at least $194,000 of that allocation so the commission can fund anticipated work next year, including an initial study of a proposed municipal bank.
Executive Officer Jason Fried said the base request from the city and county is $297,342 and recommended…
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