SPUR’s exhibition Watermarks: Postcards from the Future invited attendees to approach the challenges of inland and coastal flooding from a perspective of opportunity rather than distress and uncertainty. The exhibition and related events were inspired by three SF Climate Week questions: What if we reframe our relationship with water as one of coexistence rather than control? What if adaptation projects could both revive natural ecosystems and improve public access to the waterfront? What if adaptation needs also create space for community empowerment and equitable action?

A city’s budget reflects its priorities and values — and choices made over the years. San Francisco’s $15.9 billion budget for 2024–25 is increasingly constrained, with only 18% of funds remaining truly discretionary due to legal mandates, voter-approved set-asides, and other restrictions. Key revenue sources have become more volatile since COVID, and rising costs leave limited flexibility to adapt to changing fiscal conditions. In this article, we take a deep dive into the city’s revenues and expenditures.

The California State Legislature’s “Fast-Track Housing” package addresses the state’s housing crisis on multiple fronts. SPUR sponsored three of the package’s bills and is working on four other bills that would make it easier to build critically needed housing, including in transit-rich areas where increased density could boost transit use and help the state meet its climate goals.

Meeting San Francisco’s many challenges, from accelerating housing production to revitalizing downtown and improving transportation operations, hinges on a lasting fix for the city’s structural budget deficit. As city leaders work to address a projected budget shortfall of $817 million for fiscal years 2025–2026 and a nearly $1 billion deficit for fiscal years 2027–2028, they must grapple with voter-approved spending mandates and a budget process that limits their options.