B: Establishing a Municipal Finance Corporation and a Public Bank
What does this measure do?
Supports: Environment and Public Health, Housing Affordability, Reduce Wealth Gap
The city could start a public lender for affordable homes, small firms and green projects, then a bank. If launched, taxpayer costs are estimated at $310–$460 million over eight years, with no new tax.
Read the official ballot measure (PDF)
Proposed by: San Francisco Board of Supervisors (nine supervisors)
Nine city supervisors put this change to the city charter (the city's rulebook) on the ballot. They are Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter and Walton.
Source: lwvsf.org
A YES vote means
Allow a city-owned lender and later a public bank if money and approvals are secured. They would lend for affordable homes, small firms and climate projects; taxpayers could pay to start and run them.
A NO vote means
Do not allow the proposed city-owned lender and public bank. The city would avoid their possible costs; taxes would stay the same.
Campaign Finance Information
Campaign Finance Information
Largest donors supporting
- Saikat ChakrabartiEconomic policy director$150,000
- Dylan Hirsch-ShellEngineering leader at an AI company$5,000
- Christin EvansBookstore and bar owner$2,500
- Jeff MayNot employed, per campaign filing$2,500
- San Francisco Public Bank CoalitionNonprofit project advocating a city-owned bank$2,030
Largest donors opposing
No large donors reported.
Filings as of September 22, 2026 · Source: campaign.sfethics.org
Sources: media.api.sf.gov23
Sources: sf.gov · campaign.sfethics.org