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City budget office reports $817.5 million two‑year shortfall; supervisors hear March update
Summary
The mayor's budget office and the controller's staff told the Budget and Appropriations Committee that the March update to the five‑year financial plan shows an $817.5 million shortfall over the next two years and that the city faces a longer‑term structural gap of about $1.3 billion. Supervisors filed the hearing for the record.
The Budget and Appropriations Committee heard a March update to the city and county's five‑year financial plan on April 23, 2025, during a public meeting at San Francisco City Hall.
"At a very high level the March update shows an $817,500,000 shortfall over the next 2 years," Mayor's budget director Sophia Kittler told the committee, adding the March numbers represent an improvement of roughly $58.5 million over the December 2024 projection but leaving a larger structural shortfall of about $1.3 billion over the five‑year outlook.
Kittler described the plan as a status‑quo document showing projected revenues and expenditures if no new policies are adopted. She and other budget staff said…
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