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Budget panel amends SFPUC bond authorizations and forwards financing changes to full Board
Summary
The Budget and Appropriations Committee approved an amendment requiring refunding savings reports for future sewer bond refundings, backed SFPUC capital budget changes (including a $213.5 million wastewater increase) and voted to send multiple PUC and related appropriations to the full Board on July 13 with positive recommendations.
The Board of Supervisors’ Budget and Appropriations Committee on June 21 amended and advanced a package of San Francisco Public Utilities Commission financing measures, including increased wastewater bond authorizations, and voted to send the ordinances to the full Board with a positive recommendation.
Charles Pearl, deputy chief financial officer at the SFPUC, told the committee the largest change is a $213.5 million increase in the Wastewater Enterprise capital plan to accelerate biosolids work tied to the Southeast Wastewater Treatment…
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