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Board hears city proposal to split rainy‑day reserve and give SFUSD greater draw authority
Summary
Staff described a proposed charter amendment package that would split the City's rainy‑day reserve into a city portion and a SFUSD portion (proposed 75%/25% split), allow the Board of Education to request draws to avoid layoffs without prior layoff notices, and change withdrawal conditions; commissioners asked for financial scenarios before committing.
Deputy Superintendent Lee (staff) updated the board on a set of proposed charter amendments introduced at the Board of Supervisors that would affect the city rainy‑day reserve and the proposed Public Education Enrichment Fund (PEAF) reauthorization.
Staff explained the process timeline: three separate charter amendments were introduced by Supervisors Kim, Avalos and Yee on April 29 (meeting the May 20 introduction deadline). Per city rules, the measures are subject to a 30‑day holding period and will likely be taken up in the Board of Supervisors' Rules Committee in mid‑June; the deadline to submit adopted charter language to the Department of Elections for the November ballot is…
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