"San Francisco has two main forms of capital debt: general obligation bonds, which require a vote and are repaid through property taxes, and certificates of participation, which do not require a public vote but are repaid through the general fund revenues."
"The city currently carries about $2.67 billion in outstanding debt of general obligation bonds, which is well below the city charter's hard ceiling of about $10.74 billion."
"The percentage of the general fund's discretionary revenue taken up by certificates of participation debt is around 2.61 percent today, with a ceiling of 3.25 percent."
"As the city looks to fund major projects, such as street repairs and the Hall of Justice replacement, the report predicted that debt would reach its ceiling soon, around 2028-29."
San Francisco's borrowing capacity is approaching its limits, with $7.5 billion in deferred infrastructure projects. The city has two main forms of capital debt: general obligation bonds and certificates of participation. The current outstanding debt for general obligation bonds is $2.67 billion, well below the charter limit. However, a 2006 benchmark caps the property tax rate for repayment, which is nearing its maximum. Certificates of participation are also approaching their ceiling, potentially restricting new debt issuance for capital projects by 2028-29.
Read at Mission Local
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