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Committee forwards $220 million ERAF package to full Board for housing, educators and behavioral health
Summary
The Board’s Budget and Finance Committee advanced an ordinance allocating roughly $220 million in excess ERAF property taxes plus rainy-day funds to affordable housing, homelessness and educator pay, forwarding the item to the full Board with a positive committee recommendation.
The Budget and Finance Committee voted to forward to the full Board an ordinance that would appropriate approximately $220 million in excess Educational Revenue Augmentation Fund (ERAF) property taxes, $52 million in one-time rainy-day reserve funds, and $10 million from SFPUC revenue bond proceeds toward a package of affordable housing, homelessness and behavioral health acquisition and renovation, early care and K–12 educator funding, and a teacher and early-care educator emergency reserve.
Committee members opened the item after the clerk read the ordinance into the record. The chair said the proposal reflects a compromise that is unanimously cosponsored by the entire Board of Supervisors and aligns mayoral and board priorities, and thanked City Controller Ben Rosafil, Risa Sandler and city staff for preparing the legislation on an accelerated schedule.
There were no public speakers on Item 1. The committee declined to re-hear the budget analyst’s report that had been presented at a prior hearing. Supervisor Mandelmann moved to forward the ordinance to the full Board with a positive recommendation and to issue a committee report; the motion was taken without objection.
If approved by the full Board, the ordinance would create an emergency reserve to support educator salaries in the event additional ERAF funds are not available in a future year and would dedicate funds to a mix of housing, homelessness and behavioral health interventions. The ordinance as introduced also includes $10 million from SFPUC revenue bond proceeds for a utility step station. Further details, implementation plans and any departmental allocations remain subject to the ordinance language and future reporting to the Board.
