One-time City revenues hikes permit one-time infrastructure improvement

May 23, 2006

Some $135 million will be included in the City budget for street repaving, playgrounds, playing fields, and graffiti abatement, Mayor Newsom reported Monday.

One-time City revenue hikes will pay for the one-time infrastructure improvements, he said.

Planting 5,000 new trees citywide is included in the funding, Newsom told a 15th and Valencia Streets gathering with Supervisor Sean Elsbernd at his side.

"It's plain common sense to use one-time revenues for such critical one-time needs like street resurfacing, filling potholes and repairing playing fields," the mayor maintained.

"With the 10-Year Capital Plan in place, this is the first time ever that we as a city are in a position to meet our infrastructure need on an annual basis."

Elsbernd, who drafted the 10-Year Capital Plan legislation, praised Supervisor Tom Ammiano for creation of the city's Rainy Day Fund.

"Capital planning and the funding of capital projects not only benefits San Franciscans today but benefits future generations of San Franciscans." Elsbernd noted.

"We should also thank Supervisor Tom Ammiano for his foresight in creating and passing the Rainy Day Fund Charter Amendment, which is an integral piece to this proposed capital fund appropriation."

####