City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
3
081597
Name:
Rainy Day Reserve
Status:
Type:
Charter Amendment
Filed
File created:
In control:
12/16/2008
Clerk of the Board
On agenda:
Final action:
8/7/2009
Enactment date:
Enactment #:
Title:
Charter Amendment (Third Draft) to amend the Charter of the City and County of San Francisco by
amending Section 9.113.5, to: (1) allow the City to withdraw up to 100 percent of the current balance
in the Rainy Day Reserve, not to exceed 20 percent of the projected deficit, in years in which a
budgetary deficit of $250 million or more is projected; (2) require the City to also appropriate to the
School District an amount equal to 33 percent of any such withdrawals for the City's benefit, in years
in which the School District faces a loss of revenues and significant layoffs; and, (3) eliminate
obsolete provisions.
Sponsors:
Chris Daly
Attachments:
1. Legislation_Ver1, 2. Legislation_Ver2
Action By
Date
Action
Result
Ver.
ASSIGNED UNDER 30 DAY RULE
President
12/16/2008
1
SUBSTITUTED
Board of Supervisors
1/27/2009
2
ASSIGNED
President
1/27/2009
2
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING SAME TITLE
Rules Committee
2/19/2009
2
CONTINUED TO CALL OF THE CHAIR
AS AMENDED
Rules Committee
2/19/2009
3
Pass
CONTINUED TO CALL OF THE CHAIR
Rules Committee
3/5/2009
3
Pass
FILED PURSUANT TO RULE 5.37
Clerk of the Board
8/1/2009
3