City of San Francisco receives $415-million windfall, large portion slated to fight homelessness

SAN FRANCISCO (KGO) -- The city of San Francisco received an unexpected $415-million windfall-- with a big chunk expected to go toward ending homelessness.

RELATED: Voters approve Prop C plan to tackle homeless crisis in SF

According to the Chronicle, $234-million will go to budget reserves, SFMTA, and public schools and libraries among other services, as dictated by the City Charter. City leaders will decide how to spend the remaining $181-million.

Mayor London Breed suggested spending it on homeless services to meet the goals of Proposition C.

RELATED: Salesforce CEO, Marc Benioff says Prop C will be incredible for city

Voters passed Prop C-- which taxes large corporations to help the homeless-- earlier this month, but it could face legal challenges.
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