Budget and Finance Committee, February 4, 2026
Votes on Hearing on Prop C reserve fund balance and childcare subsidy expansion to 200% AMI, 3-0
How this board votes
The Board of Supervisors approved 91% of 325 recorded land-use decisions this period. Most frequent dissent: Shamann Walton (29 of 177 recorded votes).
Parsed from the official meeting recordings. Verify against the official minutes.
See the full board record, member by memberWhat happened
The San Francisco Budget and Finance Committee forwarded to the full board (without recommendation on a 3-0 vote) an ordinance approving a hotel development incentive agreement with Bespoke Hospitality LLC (JMA Ventures) for the Hearst Hotel adaptive-reuse project at 5-29 3rd Str…
- Jurisdiction
- San Francisco, CA
- Governing body
- Advisory (makes a recommendation)
- Date
- February 4, 2026
- Decisions
- 10 zoning decisions
- Outcome
- Voted, 3-0
Projects in this meeting (1)
A project bundles every related decision, across hearingsHotel Development Incentive Agreement for Hearst Hotel
Recommended 3-0Free sample: decision 1 of 10
Reappropriation of $250,000 to DCYF for District 10 Safety Plan
Ordinance deappropriating $250,000 from general city responsibility and reappropriating it to the Department of Children, Youth, and their Families to fund three existing positions at Young Community Developers for violence prevention services primarily in District 10. Referred to full board with recommendation, 3-0.
The other decisions are listed below by title. The full write-up, verbatim conditions, and the audio at each vote are in Pro.
Meeting Summary
The San Francisco Budget and Finance Committee forwarded to the full board (without recommendation on a 3-0 vote) an ordinance approving a hotel development incentive agreement with Bespoke Hospitality LLC (JMA Ventures) for the Hearst Hotel adaptive-reuse project at 5-29 3rd Str…
Key Decisions (10)
Reappropriation of $250,000 to DCYF for District 10 Safety Plan
Hearing on Prop C reserve fund balance and childcare subsidy expansion to 200% AMI
Ordinance on compact mobile food operations definitions and fees (CMFO)
Hotel Development Incentive Agreement for Hearst Hotel at 5 3rd Street
SFPD tobacco enforcement grant acceptance ($1.1M)
SFPUC/Daly City Vista Grande Lake Merced real estate agreements
RESET Center operations contract with Connections CA LLC
Sale of tax-defaulted properties at public and sealed bid auction
Police code amendment on alarm fee refunds
Board of Supervisors / Clerk of the Board budget guidelines FY2026-28
Development Activity (2)
Hearst Hotel Development Project
Commercial
RESET Center (Rapid Enforcement Support Evaluation and Triage Center)
Other
Market Signals (6)
Commercial Demand
San Francisco's commercial rent (gross receipts) market remains soft; baby…
Commercial Demand
The Hearst Building at 3rd and Market is ~74% vacant…
Sentiment
City officials are pursuing an aggressive downtown revitalization strategy (a…
Who Spoke (45)
On the record: the chair, 5 councilmembers, 12 staff members, the clerk, a witness, and 19 members of the public.
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