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Capital plan update: city keeps GEO bond cap, limited new capacity until 2028
Summary
Office of Resilience and Capital Planning presented the 10‑year capital plan and Geo Bond schedule, saying a policy 'GEO bond cap' limits near‑term bond capacity and that the city plans an affordable housing bond in March 2024 and a consolidated shelters/public health bond in November 2024.
City capital planners presented a biannual update to the 10‑year capital plan and a proposed schedule for future general obligation (GEO) bond authorizations, emphasizing constraints on near‑term borrowing and prioritization of housing and public health needs.
Kate Faust, capital planning manager, said the capital plan is a fiscally constrained roadmap that balances investment across priorities including racial and social equity, climate resilience and earthquake safety. "The capital plan provides a fiscally constrained road map that lays out anticipated…
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