This Capital Plan recommends historic levels of funding at $35 billion over 10 years, compared to $32 billion in the last Plan two years ago. Despite this, the Plan defers $4.6 billion in identified needs for General Fund departments.
Chart 1.3 shows that San Francisco will begin to fully address its annual renewal needs starting in FY2032 if it funds the Pay-Go Program at Plan-recommended levels. However, due to the accumulation of deferred maintenance and cost escalation, the backlog is not expected to decrease. It is important that the City take advantage of current economic conditions to achieve or exceed the recommendations of this Plan.
San Francisco’s growing Capital Plan reflects confidence in the City’s capacity to administer our capital program in a responsible and transparent manner that employs best practices in financial management. This includes establishing financial constraints around each funding program to promote its long-term viability, listing unfunded and deferred projects, and establishing funding principles.
Taking care of our capital infrastructure is an important part of building a resilient city. Throughout this Plan, San Francisco has prioritized projects and initiatives that build the capacity of individuals, communities, institutions, businesses, and systems to survive, adapt, and grow, no matter what kind of chronic stresses and acute shocks they may experience.