07. Economic + Neighborhood Development

Financial Summary

Programs / Projects
(Dollars in Thousands)		 Prior Years FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 - 2031 Plan Total Backlog
SPENDING PLAN                 DEFERRED
Port of San Francisco - 350,623 319,847 227,462 152,799 268,357 423,537 1,742,625 1,559,737
Treasure Island Redevelopment 603,610 136,348 305,737 250,222 239,524 202,220 899,826 2,033,877 -
Transbay 23,000 6,000 15,000 28,000 18,000 1,000 - 68,000 -
Mission Bay Redevelopment - 42,000 26,000 19,000 16,000 13,000 16,000 132,000 -
Hunters Point Redevelopment - - - - - - - - -
Planning Department 1,254,250 147,668 262,394 100,571 83,121 28,822 100,065 722,642 303,037
TOTAL 1,880,860 682,639 928,978 625,256 509,444 513,399 1,439,428 4,699,143 1,862,774
                   
REVENUES                  
General Fund - Other   21,432 28,701 29,555 4,040 - - 83,728  
Capital Planning Fund   - - - - - - -  
Port Funds & Tenant Responsibility   18,132 26,743 57,886 24,423 30,661 182,052 339,896  
Seawall Bond   31,300 102,300 92,500 92,300 63,500 - 381,900  
Other Local   409,112 303,398 150,771 120,400 58,168 242,717 1,284,566  
Federal and State   2,000 2,060 2,122 2,185 2,251 32,509 43,128  
Neighborhood Parks and Open Space Bond 2012   - - - - - - -  
Land-Secured Financing (TIF, IFD, Mello Roos)   118,090 41,727 127,542 129,821 110,205 687,558 1,214,943  
Private Capital   163,523 365,917 38,627 135,717 207,121 825,360 1,736,266  
Impact Fees   57,598 17,083 42,200 24,801 26,599 82,324 250,606  
Bonds   - 134,956 - - - - 134,956  
External Grants   6,716 8,000 - 1,769 - - 16,485  
Waterfront Safety G.O. Bond   - - - - 130,000 - 130,000  
TOTAL   827,903 1,030,885 541,203 535,457 628,505 2,052,521 5,616,474  
Total San Francisco Jobs/Year   3,708 4,617 2,424 2,398 2,815 9,193 25,156  
                   
Annual Surplus (Deficit)   145,264 101,907 (84,053) 26,013 115,106 613,092 917,330  
Cumulative Surplus (Deficit)   145,264 247,172 163,119 189,132 304,238 917,330    

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