Resolution establishing the appropriations limit for Special Tax Districts and Infrastructure Revitalization and Financing Districts for Fiscal Year (FY) 2025-2026 pursuant to California Constitution Article XIII B, and determining other matters in connection therewith, as defined herein.

This resolution establishes the appropriations limit for various Special Tax Districts (STDs) and Infrastructure Revitalization and Financing Districts (IRFDs) for Fiscal Year (FY) 2025-2026, as required by California Constitution Article XIII B (commonly known as the "Gann Limit"). This limit dictates the maximum amount these districts can legally spend, adjusted for inflation and population changes.

The resolution covers the following districts:

• Special Tax Districts:
  • No. 2009-1 (San Francisco Sustainable Financing), Improvement Areas 1 & 2
  • No. 2019-1 (Pier 70 Condominiums)
  • No. 2019-2 (Pier 70 Leased Properties)
  • No. 2020-1 (Mission Rock Facilities and Services)
  • No. 2022-1 (Power Station), Improvement Area No. 1
• Community Facilities Districts (CFDs):
  • No. 2014-1 (Transbay Transit Center)
  • No. 2016-1 (Treasure Island), Improvement Areas 1, 2, & 3
• Infrastructure and Revitalization Financing Districts (IRFDs):
  • No. 1 (Treasure Island)
  • No. 2 (Hoedown Yard, Pier 70)

The appropriations limit for FY 2025-2026 is calculated based on the prior year's limit, adjusted by a population change factor of -0.39% (a decrease) and a cost of living/income factor of 6.44%, resulting in an overall adjustment factor of 1.0602.

Specific appropriations limits for each district for FY 2025-2026 are detailed in Attachment 1 and Exhibit A, with the largest being $4.89 billion for STD No. 2020-1 (Mission Rock Facilities/Services) and the smallest being approximately $2.55 million for STD No. 2009-1, Improvement Area No. 1.