San Francisco Proposition B — Establishing a Municipal Finance Corporation and a Public Bank

What it does

Shall the City amend the Charter to authorize the City to establish a municipal finance corporation and a public bank?

A YES vote means

San Francisco's Charter would allow the City to set up a municipal finance corporation and a public bank.

A NO vote means

San Francisco's Charter would not be amended to allow a municipal finance corporation and a public bank.

Needed to pass

A simple majority: more than half of the YES and NO votes on this measure must be YES. Leaving it blank doesn't count either way.

Left–right lean

Left

YESNO

Right

A YES vote leans strongly left; a NO vote leans the other way (AI-estimated from the official ballot summary, 80% confidence).

The YES and NO lines are SpectrumVote's plain-language reading of the official text above; the official text is what you vote on.

Official text: source

Only on your ballot if you live in the City and County of San Francisco.

Background

According to the Ballot Simplification Council's digest, no local law currently authorizes the City to create a municipal finance corporation (a government-owned non-profit that makes loans but takes no deposits) or a public bank (which both lends and takes deposits).

Proposition B would authorize the City to establish a municipal finance corporation if it has sufficient funding and resources, which could become a public bank after three years, to support affordable housing, homeownership, small business development, environmental sustainability, and environmental justice.

City Controller Greg Wagner's statement says the amendment would not directly affect the cost of government because it does not require the City to create either entity, but if the City does so the costs would range from approximately $310 million to $460 million over eight years, according to 2023 Reinvestment Working Group estimates.

The Board of Supervisors voted 9 to 2 on July 7, 2026 to place it on the ballot (No: Sherrill, Wong).

Put on the ballot by San Francisco Board of Supervisors, 9–2, July 7, 2026.

From official source.

Next elections here

• 2028 presidential election · Who has filed so far, from FEC filings

Also on San Francisco County ballots

• San Francisco Proposition A — Charter Changes Affecting Various City Departments and Commissions
• San Francisco Proposition C — Contributions to the Housing Trust Fund
• San Francisco Proposition D — Changes to Ballot Measure Process
• San Francisco Proposition E — City Administrator’s Authority and Changes to City Contracting
• San Francisco Proposition F — Changes to Executive Branch Management
• San Francisco Proposition G — Allowing Private Vehicles on the Upper Great Highway in Sunset Dunes Park
• San Francisco Proposition H — Parcel Tax to Fund Muni Operations
• San Francisco Proposition I — Changes to Real Property Transfer Tax
• San Francisco Proposition J — Removal of Foreclosure Exemption for Real Property Transfer Tax

All San Francisco County races and measures →

Quick answers

What does a YES vote on San Francisco Proposition B mean?

San Francisco's Charter would allow the City to set up a municipal finance corporation and a public bank.

What does a NO vote on San Francisco Proposition B mean?

San Francisco's Charter would not be amended to allow a municipal finance corporation and a public bank.

How many votes does San Francisco Proposition B need to pass?

A simple majority: more than half of the YES and NO votes on this measure must be YES. Leaving it blank doesn't count either way.

Should I vote yes or no on San Francisco Proposition B?

SpectrumVote doesn't endorse anyone or tell you how to vote. Read what a YES and a NO vote each do, and the official text, then decide based on what you want to happen.

When is the vote?

The general election was Tuesday, November 3, 2026. Counts are unofficial until each state certifies its results over the following weeks; your state or county election office has the official results.