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Budget committee accepts amendment, continues vote on $5 million transfer from Election Campaign Fund
Summary
The Budget & Finance Committee debated a one-time transfer of up to $5 million from the Election Campaign Fund into the general fund and an amendment that would require the Ethics Commission to determine by January 2011 whether additional funds are needed for the mayoral race; the committee accepted the amendment and continued the matter one week for further review.
The San Francisco Board of Supervisors Budget & Finance Committee on took up an ordinance that would transfer up to $5 million from the city’s Election Campaign Fund to the general fund as part of the FY2007–08 budget. Chair Supervisor Jake Magulu introduced an amendment to put the commitment in writing: the Ethics Commission would assess by January 2011 whether the fund is sufficient for the November 2011 mayoral election and, if it is not, the city would appropriate up to $5 million to replenish the fund.
The amendment—and the broader proposal—drew sustained debate from supervisors, the mayor’s office and scores of public commenters. Phil Ginsburg, the mayor’s chief of staff, said the mayor supports public financing and that the amendment is a transparency measure meant to…
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