§ 520.

CONTROLLER’S FINANCIAL ANALYSIS

a.

The Controller shall prepare an impartial financial analysis of each measure submitted to the voters. The Controller’s financial analysis shall include the amount of any increase or decrease in the cost of City and County government. The Controller’s financial analysis shall also include the effect of the measure upon the tax rate.

For any general obligation bond measure placed on the ballot, the Controller’s financial analysis shall include an explanation of the City’s legal debt limit, as well as the impact of the proposed bond measure on that limit. The Controller’s financial analysis for a general obligation bond measure placed on the ballot, including general obligation bond measures submitted by the San Francisco Unified School District or San Francisco Community College District, also shall include an explanation of the 50 percent passthrough of the change in a landlord’s property tax resulting from the repayment of such indebtedness provided in Administrative Code Section 37.3(a)(6), and an estimate of the impact of that passthrough under the proposed bond measure.

b.

The Controller’s financial analysis shall be in a form appropriate for inclusion in the voter information pamphlet.

c.

The Controller’s financial analysis of any measure shall be transmitted to the Director of Elections no fewer than 85 days prior to the election to which it relates, for printing and inclusion in the voter information pamphlet.

History

(Added by Ord. 429-97, App. 11/17/97; amended by Ord. 202-00, File No. 001156, App. 8/18/2000; Ord. 252-06, File No. 061183, App. 10/11/2006)

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