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Committee approves technical budget moves, TEFRA hearing items and airport cargo resolution

San Francisco Board of Supervisors Budget and Finance Committee · March 14, 2007
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Summary

The committee approved a release of reserve funds for absentee ballots, reallocated parking tax revenue into the General Fund while preserving MTA baseline funding, cleared a TEFRA hearing for tax‑exempt hospital bonds and adopted a resolution urging the Airport Commission to consider common‑use cargo handling with an equity amendment.

At the start of the session the committee approved a small reserve release to the Department of Elections: $11,210 to cover fringe benefits for absentee‑ballot mailing expenses. The request was described as correcting an omission from a previously released $141,000 salary reserve; the committee approved the release without public comment.

On Item 3 the committee approved an ordinance that de‑appropriates $22,294,696 in parking tax revenue from the Municipal Transportation Agency and replaces that revenue with a like amount of General Fund money to satisfy charter baseline language. Deputy city counsel and the Controller’s Office explained this is a technical swap that does not change the amount available to MTA under the charter; the committee approved the measure without objection.

The committee also considered a Tax Equity and Fiscal Responsibility Act (TEFRA) hearing for up to $985 million in tax‑exempt bonds to finance medical facilities owned by Catholic Healthcare West. Anthony Abubon from the Office of Public Finance noted the city is a member of the joint powers authority that will issue the bonds, that public notice was published and that the city will have no payment responsibility; there were no public comments and the committee forwarded the TEFRA item to the full Board.

Finally, Peter Nardoza from the Airport presented a resolution urging the Airport Commission to institute a common‑use policy for cargo handling facilities so handlers could serve multiple airlines in a single leased space. The committee amended the resolution to add a whereas clause supporting minority and women local business leasing and sent the amended resolution forward.

All items were forwarded by the committee to the full Board or approved for placement without recorded roll‑call votes; public comment on these items was minimal or none.