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Port unveils FY2026–28 operating and capital budget; biennial CIP relies heavily on fund balance and one-time sources
Summary
Finance staff presented a proposed biennial operating budget (approx. $131.2M and $134.6M) and a $123.6M capital budget for FY2026–28, noting a $1.9B long-term unfunded needs estimate in the 10-year plan and staff plans to explore debt financing and public–private partnerships to stretch resources.
Interim Deputy Director of Finance Megan Wallace and Budget and Data Analytics Manager Max Zerobin presented the Port of San Francisco’s proposed FY2026–28 biennial operating and capital budget to the commission.
Wallace said the proposed operating budgets are approximately $131.2 million in the first year and $134.6 million in the second year of the biennium; the port projects positive net operating income in each year but will draw from fund balance to support the proposed capital program. The biennial capital budget totals $123.6 million…
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