Budget panel forwards SFPUC bond authorizations and flags Treasure Island environmental hold
The Budget & Finance Committee voted to forward SFPUC measures to authorize water revenue bonds and an environmental surcharge fund, with the Treasure Island portion placed on controller reserve pending missing environmental documents; analysts said bond debt is modest for the average residential bill but Hetch Hetchy faces longer-term shortfalls.
The full story
The San Francisco Budget & Finance Committee on Monday voted to forward three Public Utilities Commission files that would authorize new water revenue bonds, allow short-term commercial-paper financing for select water projects and create an environmental enhancement surcharge fund — while placing the Treasure Island portion on controller reserve until required environmental documents are complete.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.