. >> i'm sorry ben rosenfield the controller. >> supervisors ben rosenfield controller different reserves are practiced by different parties i think mr. wagner was referencing flagging the budget committee can consider putting a board require. >> a board reserve. >> that's correct that's what i understand. >> i understood that two but supervisor kim said budget committee reserve i wanted to make sure that we are clear so show me guidance through the chair please. supervisor kim. >> yes. i'm sorry, i said budget committee board of supervisors reserve. >> okay. >> it essentially assuring that the budget committee gets a presentation on dpws spend down of the especially $10 million before me spend it down it will happen before the money gets spent that will allow the board an opportunity to get impact to the department of health and sfmta on the plan and will allow the members of the public and our constituents to give feedback as well either on components that might be missing things they like strengthened or the prioritization of what parts of plan gets funded first clearly the $10 million

is done next item, please. >> the subject matter to suggest to contact the mayor and the and ben rosenfield i'm sure he'll call me tonight or tomorrow morning. >> okay. >> thank you any other items. >> i ask we adjourn. >> do we need a second or just the motion itself okay. >> so moved. >> adjourned in the memory of dan >> good afternoon everyone and welcome to the board of supervisors meeting of tuesday, february 7, 2017, madam clerk madam clerk, please call the roll. >> thank you, madam president supervisor president breed supervisor cohen supervisor farrell supervisor fewer no present supervisor k

joanne hayes-white and our chief chaplin and thank you our puc harlan kelly and our city kroerl ben rosenfield and want to send a special recognized to our deputy city attorney john gibner and finally the legendary man that needs no introduction who worked on the board of supervisors as a budget and legislative analyst since it's inception the line of questioning legendary harvey rose. >> (clapping.) >> i did this in the electives thank you. >> so thank you all for being here today clearly it is not just the members of the board of the supervisors that makes the decisions that will the people that actually make the city run we appreciate many of the elected leaders and the department heads for joining us here today with that, time for raekz racks from the members of the board and so i'll go in order and starting with supervisor sandra fewer. >> thank you madam president and i would like to say thank you for the opportunity to introduce you to my family that supported me throughout the campaign but actually, the pride of actually my life and i would be honored today for everyone to get to know

joanne hayes-white and our chief chaplin and thank you our puc harlan kelly and our city kroerl ben rosenfield want to send a special recognized to our deputy city attorney john gibner and finally the legendary man that needs no introduction who worked on the board of supervisors as a budget and legislative analyst since it's inception the line of questioning legendary harvey rose. >> (clapping.) >> i did this in the electives thank you. >> so thank you all for being here today clearly it is not just the members of the board of the supervisors that makes the decisions that will the people that actually make the city run we appreciate many of the elected leaders and the department heads for joining us here today with that, time for raekz racks from the members of the board and so i'll go in order and starting with supervisor sandra fewer. >> thank you madam president and i would like to say thank you for the opportunity to introduce you to my family that supported me throughout the campaign but actually, the pride of actually my life and i would be honored today for everyone to get to know my f

joanne hayes-white and our chief chaplin and thank you our puc harlan kelly and our city kroerl ben rosenfieldant to send a special recognized to our deputy city attorney john gibner and finally the legendary man that needs no introduction who worked on the board of supervisors as a budget and legislative analyst since it's inception the line of questioning legendary harvey rose. >> (clapping.) >> i did this in the electives thank

joanne hayes-white and our chief chaplin and thank you our puc harlan kelly and our city kroerl ben rosenfield want to send a special recognized to our deputy city attorney john gibner and finally the legendary man that needs no introduction who worked on the board of supervisors as a budget and legislative analyst since it's inception the line of questioning legendary harvey rose. >> (clapping.) >> i did this in the electives thank you. >> so thank you all for being here today clearly it is not just the members of the board of the supervisors that makes the decisions that will the people that actually make the city run we appreciate many of the elected leaders and the department heads for joining us here today with that, time for raekz racks from the members of the board and so i'll go in order and starting with supervisor sandra fewer. >> thank you madam president and i would like to say thank you for the opportunity to introduce you to my family that supported me throughout the campaign but actually, the pride of actually my life and i would be honored today for everyone to get to know my f

ben rosenfield the floor is yours, thank you. >> thank you, madam chair, and members of the committee, ben, city controller, as you indicated in your opening remarks, the 6 month status report is one of the quarterly status reports that we provide to the mayor and the board and the public regarding how the city is doing in the current fiscal year we are talking about 16, 17, budget and it has implications for next year that i will touch on briefly. >> okay. >> at a high level in the general fund, we are projecting as of the 6 month mark just under a 300 million dollar ending balance in the current year. that is about a 72 million improvement from the assumptions contained in the five year financial forecast that our office, the mayor's budget office and your legislative budget and analysts prepared in late november and published in early december. and about 54 million better than the assumptions that were contained in the mayor's rebalancing plan which identified the additional revenues and so it is about 54 million better than suspected than in the current year. >> the city's typical

. >> i'm sorry ben rosenfield the controller. >> supervisors ben rosenfield controller different reserves are practiced by different parties i think mr. wagner was referencing flagging the budget committee can consider putting a board require. >> a board reserve. >> that's correct that's what i understand. >> i understood that two but supervisor kim said budget committee reserve i wanted to make sure that we are clear so show me guidance through the chair please. supervisor kim. >> yes. i'm sorry, i said budget committee board of supervisors reserve. >> okay. >> it essentially assuring that the budget committee gets a presentation on dpws spend down of the especially $10 million before me spend it down it will happen before the money gets spent that will allow the board an opportunity to get impact to the department of health and sfmta on the plan and will allow the members of the public and our constituents to give feedback as well either on components that might be missing things they like strengthened or the prioritization of what parts of plan gets funded first clearly the $10 million

ben rosenfield the floor is yours, thank you. >> thank you, madam chair, and members of the committee, ben, city controller, as you indicated in your opening remarks, the 6 month status report is one of the quarterly status reports that we provide to the mayor and the board and the public regarding how the city is doing in the current fiscal year we are talking about 16, 17, budget and it has implications for next year that i will touch on briefly. >> okay. >> at a high level in the general fund, we are projecting as of the 6 month mark just under a 300 million dollar ending balance in the current year. that is about a 72 million improvement from the assumptions contained in the five year financial forecast that our office, the mayor's budget office and your legislative budget and analysts prepared in late november and published in early december. and about 54 million better than the assumptions that were contained in the mayor's rebalancing plan which identified the additional revenues and so it is about 54 million better than suspected than in the current year. >> the city's typical

i want to thank ben rosenfield, ted eagan at the controllers office and tac that volunteered over the last 7 month tooz put together and advise on the feasibility report and we are excited to use these guidelines to assist in the restructuring of proposition crrfx here today. supervisor peskin and i made a clear commitment to voters we introduce something maximum developer cz build. and two rfx we do it in a way market rate developer continue to develop in san francisco. thank tooz the study the maximum developer cz build is 24 percent for rental housing and 27 percent for home ownership. what we introduced in december but tding additional amendments to today is to change the inclusionary housing ordinance from 25 percent to 24 percent for rentals and 27 percent for home ownership. we will maintain 15 percent as fought for by decades my many advocates for working class resident. restaurant workers recollect janitor and minimum wane workers while clawing back additional percentage above the 15 percent that goes toward the middle class. we know that 60 percent of san francisco resident

ben rosenfield the floor is yours, thank you. >> thank you, madam chair, and members of the committee, ben, city controller, as you indicated in your opening remarks, the 6 month status report is one of the quarterly status reports that we provide to the mayor and the board and the public regarding how the city is doing in the current fiscal year we are talking about 16, 17, budget and it has implications for next year that i will touch on briefly. >> okay. >> at a high level in the general fund, we are projecting as of the 6 month mark just under a 300 million dollar ending balance in the current year. that is about a 72 million improvement from the assumptions contained in the five year financial forecast that our office, the mayor's budget office and your legislative budget and analysts prepared in late november and published in early december. and about 54 million better than the assumptions that were contained in the mayor's rebalancing plan which identified the additional revenues and so it is about 54 million better than suspected than in the current year. >> the city's typical

ben rosenfield the floor is yours, thank you. >> thank you, madam chair, and members of the committee, ben, city controller, as you indicated in your opening remarks, the 6 month status report is one of the quarterly status reports that we provide to the mayor and the board and the public regarding how the city is doing in the current fiscal year we are talking about 16, 17, budget and it has implications for next year that i will touch on briefly. >> okay. >> at a high level in the general fund, we are projecting as of the 6 month mark just under a 300 million dollar ending balance in the current year. that is about a 72 million improvement from the assumptions contained in the five year financial forecast that our office, the mayor's budget office and your legislative budget and analysts prepared in late november and published in early december. and about 54 million better than the assumptions that were contained in the mayor's rebalancing plan which identified the additional revenues and so it is about 54 million better than suspected than in the current year. >> the city's typical

teachers we know we're rapidly losing in san francisco i want to thank the controller's office ben rosenfield and ted egan and also to our ta c for the work over the last 6 months on the feasibility study that was presented to the commission today because of their work we have data to guide the discussions on inclusionary housing policies tattoos the mime feasible requirements to address a real and continuing need of everyday san franciscan households in june of 2016 when voters overwhelmingly passed prop c to update our inclusionary housing laws we understood those voters felt there was a need for us to build not only more low income but middle-income housing in san francisco we understood that the market has changed to a strong housing market bans the development deals before the planning commission over the course of 2014-2015 we recognize that the developers can build more affordable housing they can build a wider range than income housing that's why the ordinance passed by the voters was setting a new inclusionary rated after january 2016 moving to the 50 percent of inclusionary housing