Based on a few examples (here, here) I can use psycopg2 to read and hopefully run a SQL file from python (the file is 200 lines, and though runs quickly, isn't something I want to maintain in a python file).
Here is the script to read and run the file:
sql = open("sql/sm_bounds_current.sql", "r").read()
curDest.execute(sql)
However, when I run the script, the following error is thrown:
Error: syntax error at or near "drop"
LINE 1: drop table dpsdata.sm_boundaries_current_dev;
As you can see, the first line in the script is to drop a table, but I'm not sure why the extra characters are being read, and can't seem to find a solution that might set the encoding of the file when reading it.