Greg Wagner

Rule Changes

Issued fiscal analysis of Proposition B

San Francisco voters approved Proposition B, authorizing the city to create a municipal finance corporation that can lend for affordable housing, small business and climate projects. The campaign declared victory on Nov. 9, with the measure at 52.3% in the latest count after trailing on election night.

Updated Yesterday

Money Moves

Placed MEDA under Tier 3 oversight on Oct. 19, citing 10 unresolved issues. Dorsey said he spoke with Wagner, who expressed confidence in the deal.

San Francisco's Budget and Finance Committee voted 3-0 on Oct. 28 to advance a $22.2 million loan deal for the Mission Economic Development Agency (MEDA). The city would buy an existing $20.3 million loan and become the lender on a Mission Street building with 35 apartments and four storefronts. The committee acted nine days after the controller placed the nonprofit on its highest-risk watch list.

Updated Nov 1