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Budget panel advances plan to set up $20 million emergency loans for federal workers, but continues measures for legal review
Summary
The San Francisco Budget and Finance Committee reviewed ordinances to authorize a $20 million line of credit and appropriate $20 million for one-time, interest-free loans of $1,000–$6,000 for federal employees affected by a shutdown; an amendment extended the authorization date to Dec. 31, 2019, and the committee continued both items to Feb. 27 after legal advice.
The San Francisco Budget and Finance Committee reviewed ordinances to let the city treasurer secure a $20 million line of credit and to appropriate $20 million in short-term loan proceeds so federal employees living in the city or working at San Francisco International Airport could receive emergency, one-time, interest-free loans if a federal government shutdown occurs.
Courtney McDonald, legislative aide to Supervisor Matt Haney, told the committee the measures were intended to provide “critical relief for employees impacted by future federal government shutdowns” and cited the recent multiweek shutdown that left many workers without pay. Amanda Fried, chief of policy and…
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