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Cover image for San Francisco voters may soon be asked to invest $535 million in earthquake preparedness, as supervisors advanced a package that would upgrade fire stations, extend emergency water systems to the city's west side, and shore up aging transit infrastructure—all without raising property tax rates. The same committee also unlocked two major housing developments through new financing districts that could deliver nearly 5,000 homes.

Budget & Finance Committee - Jan 14, 2026 - Regular Meeting

Budget & Finance Committee • San FranciscoJanuary 14, 2026

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San Francisco voters may soon be asked to invest $535 million in earthquake preparedness, as supervisors advanced a package that would upgrade fire stations, extend emergency water systems to the city's west side, and shore up aging transit infrastructure—all without raising property tax rates. The same committee also unlocked two major housing developments through new financing districts that could deliver nearly 5,000 homes.

  • $535M earthquake safety bond gets one step closer to the June 2026 ballot with upgrades to fire and police stations, emergency water systems, and Potrero Yard.

  • Two enhanced infrastructure financing districts approved to fund streets, utilities, and affordable housing at Stonestown (3,500 homes) and California Street (1,200 homes).

  • Film incentive program gets first update since 2006, adding tiered rebates to compete with other cities for production dollars.

  • $9 billion in airport revenue bond authority approved for SFO capital projects—no General Fund impact.

  • $15.5 million Ryan White HIV/AIDS funding application advances, with DPH flagging potential future formula cuts.

  • Labor and housing advocates align on earthquake bond and development financing; one neighborhood representative objects to including transit yard.

The committee advanced four items that together set the stage for a $535 million Earthquake Safety and Emergency Response (ESER) bond on the June 2026 ballot, continuing a voter-approved program that has funded seismic upgrades to public safety facilities since 2010.

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San Francisco voters may soon be asked to invest $535 million in earthquake preparedness, as supervisors advanced a package that would upgrade fire stations, extend emergency water systems to the city's west side, and shore up aging transit infrastructure—all without raising property tax rates. The same committee also unlocked two major housing developments through new financing districts that could deliver nearly 5,000 homes. | Budget & Finance Committee | Locunity