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5 min read San Francisco Budget and Finance Committee

SF pulls $4.15M from reserve, accepts $45M Treasure Island grant

San Francisco Budget and Finance Committee: $4.15M pulled from the General Reserve for overtime around drug markets and events, $45.1M Treasure Island grant accepted, $936M deficit ahead.
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San Francisco
Budget and Finance Committee Meeting
February 25, 2026

TL;DR

  • $4.15M pulled from the General City Reserve to cover overtime around drug markets and major events from October through March, plus $150K to backfill survivor basic-income grants.
  • $45.1M state grant accepted for Treasure Island: $30M loan for a 150-unit 100% affordable housing project at Parcel IC4.3, plus $15.1M for ferry operations, ten new bus shelters, and over 1.5 miles of walkways and bikeways.
  • The committee heard the city faces a $936M two-year deficit, with $300M tied to federal HR1.
  • Four Port-owned parking lots (Pier 30-32, Pier 70, Triangle Lot, and Seawall 321) shift to SFMTA management under contract amendments adding a combined $21M.
  • YMCA youth mental health contract extended one year through June 2028, adding $1.59M for a new total of $11.58M.

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