Proposition B

Community Health and Medical Facilities, Street Safety, Public Spaces, and Shelter to Reduce Homelessness Bond

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Would allow the City to borrow up to $390 million by issuing general obligation bonds. The money would support community health centers, the Zuckerberg San Francisco General Hospital and Trauma Center, the Laguna Honda Hospital and Rehabilitation Center, the General Hospital, street and sidewalk safety projects, public spaces in downtown San Francisco, Harvey Milk Plaza, parks and recreation centers, and shelters or interim housing sites to reduce family homelessness. Prop B is a bond measure that requires 66.66% affirmative votes to pass, unless State Prop 5 passes, then 55%.

Fiscal Impact: Should the proposed $390 million in general obligation bonds (“Proposed GO Bond”) be authorized and sold under current assumptions, the average tax rate for these bonds over the entire projected duration of the bond debt service from FY 2025-2026 through FY 2046-2047 is $0.0069 per $100 ($6.90 per $100,000) of assessed valuation. Based on these estimates, the highest estimated annual property tax cost for these bonds for the owner of a home with an assessed value of $700,000 would be approximately $70.00.

Next San Francisco County Measure: Measure C

See Endorsements for Proposition B

Details

Pro/Con
Pro: 

Supporters argue that San Francisco has faced unprecedented challenges since the pandemic and the last few years have shown the importance of the public health and safety infrastructure that all San Franciscans rely on. Prop B will make critical investments to repair and upgrade our public hospitals and clinics, reduce family homelessness, and improve roads, street safety, and public spaces.

A YES vote on this measure means: you want the City to issue up to $390 million in general obligation bonds to fund projects related to community health and medical facilities, street safety, public spaces and interim housing to reduce family homelessness.

HealthyVibrantSF.com (Campaign Website) 

Con: 

Opponents argue that San Francisco is already spending more on homelessness than nearly any other city in the country, yet the crisis on our streets continues to worsen. This new $390 million bond asks voters to pour even more money into a system that has proven to be ineffective and mismanaged. They agree that San Francisco must focus on shelter, recovery, and mental health services. However, the City should reallocate existing resources rather than burdening taxpayers with additional debt. 

A NO vote on this measure means: you do not want the City to issue these bonds.

In Depth

Proposition B is a bond measure that would allow the City to borrow up to $390 million by issuing general obligation bonds. The City would fund:

  • up to $99.1 million to acquire or improve community health centers, including up to $71.1 million to seismically retrofit and renovate the Chinatown Public Health Center and up to $28 million to relocate the City Clinic;

  • up to $66 million to repair and renovate Zuckerberg San Francisco General Hospital and Trauma Center (General Hospital) and Laguna Honda Hospital and Rehabilitation Center;

  • up to $40 million to seismically retrofit General Hospital;

  • up to $63.9 million for street and sidewalk safety projects;

  • up to $41 million to improve and modernize public spaces in downtown San Francisco;

  • up to $25 million for Harvey Milk Plaza;

  • up to $5 million for parks and recreation centers; and

  • up to $50 million for shelter or interim housing sites to reduce family homelessness. 

Proposition B would require the Citizens’ General Obligation Bond Oversight Committee to review how this bond money is spent. 

City policy is to limit the amount of money it borrows by issuing new bonds only as prior bonds are paid off. If needed, an increase in the property tax rate would be allowed. Landlords would be permitted to pass through up to 50% of any resulting property tax increase to tenants. 

Source: Final Digest - Community Health and Medical Facilities, Street Safety, Public Spaces, and Shelter to Reduce Homelessness 

Voter Resources

City and County of San Francisco Office of Elections

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