Budget and Finance Committee meeting summary
At a glance
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The Committee met with all three members present and recommended multiple budget, grant, and financing items to move forward to the Board. Actions included designation of agents for disaster and emergency assistance funding; a $2.5M loan appropriation to the San Francisco Zoological Society; approval to accept a $5M state grant for Castro Theatre preservation (as amended); approval of housing and health-related financing and grants including multifamily housing revenue notes (up to $30M), a $1M DHCS grant for Chinese Hospital oncology services, and a $87,675 beach-safety grant; and ordinance adjustments for Fire Department staffing/overtime funding. A proposed up-to-$8.5M loan to the San Francisco Zoological Society was continued to the May 13, 2026 committee meeting.
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What this means
The committee recommended several funding and grant measures that, if approved by the Board, will provide money for local projects and services. These recommendations include state grants to preserve the Castro Theatre, funds for hospital oncology services, beach water testing, housing project financing, and adjustments to Fire Department staffing and overtime budgets. One larger proposed zoo loan was not decided and was continued to the next committee meeting. Committee recommendations move these items closer to final City approval but do not by themselves enact the measures.
Key decisions
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- Designated the Executive Director of the Department of Emergency Management, Controller, and Deputy Controller as agents for State and Federal disaster and emergency assistance funding (File 260423) — recommended.
- De-appropriated $2,500,000 of Open Space Acquisition funds and appropriated $2,500,000 to Recreation and Park for a loan to the San Francisco Zoological Society (File 260360) — recommended.
- Resolution authorizing a loan up to $8,500,000 to the San Francisco Zoological Society (File 260393) — CONTINUED to the May 13, 2026 Budget and Finance Committee meeting.
- Accepted and authorized expenditure of a $5,000,000 grant from the California Natural Resources Agency for preservation and revitalization of the Castro Theatre (File 260367) — recommended as amended.
- Ordinance adjusting appropriations and de-appropriations for Fire Department revenues, permanent salaries, dependent coverage, and overtime for FY2025-2026 (File 260297) — recommended.
- Authorized multifamily housing revenue notes up to $30,000,000 for 1687 Market Residences to finance a 94-unit rental project (File 260426) — recommended.
- Accepted retroactive Public Beach Safety Program grant funds ($87,675) from the California State Water Resources Control Board for bay and ocean shoreline water sampling (File 260424) — recommended.
- Accepted and authorized expenditure of a $1,000,000 DHCS grant to support a new oncology clinic and chemotherapy center at San Francisco Chinese Hospital (File 260401) — recommended.
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Meeting information
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Budget and Finance Committee (5/6/2026 10:00 AM)
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