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Budget committee swaps timing of two bond measures, continues capital plan for a week
Summary
The Board of Supervisors— Budget and Appropriation Committee voted to swap the schedule of two proposed general obligation bonds (moving the affordable housing/shelter bond to March 2024 and the public-health/shelter bond to November 2024) and continued the capital plan to April 26 for further review; the motion passed 4-0 with Vice Chair Mendelmann absent.
The Budget and Appropriation Committee on April 2023 amended the city—s 10-year capital plan to swap the timing of two proposed general obligation bonds and then voted to continue the resolution for one week.
Supervisor Asha Safaie moved to switch the schedule so that the affordable housing and shelter bond would appear on the March 2024 ballot and the public health and shelter bond would appear on the November 2024 ballot; Supervisor Hillary Ronan seconded the motion. The clerk recorded four ayes (Saffae/Safaie, Ronan, Walton and Chair Chan) with Vice Chair Mendelmann absent, and the amendment passed.
After passing the amendment, the committee agreed to continue the item to the committee meeting on April 26 so members and staff could incorporate additional technical and scheduling details. Chair Connie Chan said the continuance would allow members to review President Peskin—s proposed amendment language and enable the city attorney and clerk to process any required procedural steps.
The swap followed an extended discussion among supervisors and departmental staff about ballot timing, project readiness and the fiscal effects of delaying work. Department of Public Health Chief Operating Officer Greg Wagner told the committee that postponing the public health bond from March to November could raise construction escalation costs by about $9.9 million and another $2—$2.5 million to keep projects moving during the delay; department staff said those interim expenses could be reimbursed when bonds are sold. Homelessness and Supportive Housing staff estimated additional escalation tied to shelter work at roughly 5% and described an outstanding PAYGO request to advance designs.
The committee—s action amends the capital plan schedule but does not by itself finalize what appears on the ballot; supervisors noted the Board will still vote later to place measures before voters and that staff will return with further cost and sequencing information.
