What is it?

A $400 million bond to finance "the cost of the construction, acquisition, and improvement of certain transportation, street safety, and transit related capital improvements" including projects like: repair & renovation of SFMTA bus yards, signaling improvements, speed improvements, safety and traffic signals, modernizing streets and sidewalks (including increasing accessibility), and traffic calming.

Legislative digest (PDF)
Full legal text (PDF)

Why is this on the ballot?

California Government Code section 53506 and Article XVI of the California Constitution mandate that general obligation bonds of this size be put to a vote. Bonds must be approved by the voters by a 66.66% + 1 majority.

Sponsor: Mayor Breed
Co-Sponsors: Supervisors Shamann Walton, Rafael Mandelman, Ahsha Safai, Matt Haney, Gordon Mar, Myrna Melgar, Hillary Ronen, and Dean Preston
Placed on ballot by: Unanimously with Supervisors Shamann Walton, Rafael Mandelman, Ahsha Safai, Matt Haney, Gordon Mar, Myrna Melgar, Hillary Ronen, and Dean Preston
View vote details on legistar

Why vote yes?

Bonds are the best way to finance large capital improvement projects because the city gets great lending rates and pays back the money with inflated dollars. That means we get great new things and pay for it later with cheaper money. In this period of rising inflation, this great deal will only get better.

And this bond, in particular, is vital for ensuring San Francisco both meets its carbon emissions goals and builds a city that is safe and accessible for all.