Major Programs

Major enhancement programs, such as the seismic upgrades at SFGH and renovations of the City’s parks, are funded with long-term debt and paid for over time. Other major programs, such as street resurfacing, receive debt financing in challenging economic times or when significant improvements are needed.  However, in order to maintain a strong financial position and have a low impact on taxpayers, the Capital Planning Committee, Mayor, and the Board have adopted a set of policies to limit the issuance of long term debt:

  • The City will not increase the property tax rate above 2006 rates. This is possible, even with the program below, because the City issues new debt as it pays off old debt.
  • The City’s General Fund debt service payments are limited to 3.25% of discretionary revenues. This limits the impact of debt on the General Fund and other services funded with the General Fund.

The Capital Plan’s General Fund debt program complies with the above limitations while making significant investments in the City’s future.

FY16-25 Capital Plan: General Fund Department Debt Program

Month/YrProposed Debt Issuance
Total ($M)
Debt Program Total
$2,657
General Obligation (G.O.) Bonds
Jun 2016Public Health
$311
Nov 2018Parks and Open Space
$185
Nov 2020Earthquake Safety & Emergency Response
$290
Nov 2022Public Health
$300
Nov 2024Transportation
$500
Jun 2024Parks and Open Space
$185
G.O. Bond Subtotal
$1,771
General Fund (GF) Debt
FY 2016SHF Rehabilitation and Detention Facility
$278
FY 2016HOJ Site Acquisition
$8
FY 2019Adult Probation Relocation from HOJ
$59
FY 2019DPH Admin Building Relocation
$60
FY 2021DA and SFPD Relocation from HOJ
$227
FY 2022HOJ Land Purchase, Demolition & Enclosure
$48
FY 2024JUV Admin Building Replacement
$107
FY 2025Yard Consolidation
$100
GF Debt Subtotal
$886

For more information, see some of our major programs: