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City staff outline $3 billion uptick in San Franciscos 10-year capital plan, preview November bond changes
Summary
City capital planning staff told the oversight committee the 10-year plan rose about $3 billion (to roughly $44.5 billion), driven by SFPUC capital increases; the March G.O. bond was trimmed to focus on $300 million for affordable housing and the mayor added $70 million for complete-streets and public places to a planned November bond.
San Francisco capital planning staff told the General Obligation Bond Oversight Committee that the city's 10-year capital plan increased by roughly $3,000,000,000 this year, from about $41.5 billion to $44.5 billion, primarily because the San Francisco Public Utilities Commission raised its departmental capital program. Kate Faust, capital planning manager in the Office of Resilience and Capital Planning, said the capital plan is a fiscally constrained roadmap that identifies needs and then indicates what the city…
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