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PFA closes Sacramento Yards hearing and adopts fiscal budgets unanimously
Summary
The Public Financing Authority opened a public hearing on the Sacramento Yards annual report and fiscal budgets for FY2025–FY2027 and voted unanimously to adopt the staff-recommended budgets after a series of public comments urging higher affordable-housing targets.
The Public Financing Authority convened a public hearing on the Sacramento Yards Infrastructure Financing District annual report and the recommended fiscal budgets for 2025–2027 and adopted the budgets by unanimous vote. Clerk Cecilia opened the hearing and told the room and livestream viewers that staff recommended opening the public hearing and then closing it “with the approval of the fiscal-year 2025 annual report and the fiscal 2026 and 2027 budgets” presented earlier.
Residents took the podium during the public comment period to press for changes to the project’s affordability commitments and district boundaries, but the board made no amendments before voting. After the hearing closed, a motion to approve the budgets passed with no recorded opposition. The clerk later confirmed the annual report and the recommendations were also approved unanimously.
The hearing record shows the staff presentation and the board’s approvals, but residents and commenters repeatedly urged changes to the Sacramento Yards plan—most notably higher guarantees for affordable housing and more resident engagement before a final map or plan is adopted.
