San Francisco is rapidly approaching the upper limits of what it can borrow to fund critical infrastructure, according to a new report from the city’s Budget and Legislative Analyst, and the timing could not be worse: The city has $7.5 billion worth of repairs and projects it has been putting off for years.
The financial tools San Francisco relies on to pay for those projects will be maxed out in six years, by the end of June 2032.
Today’s report, prepared for the chair of the budget committee Supervisor Connie Chan, offers a close look into the city’s borrowing capacity and what it means for San Franciscans if it runs out…