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Mayor Newsome urges swift action as city faces up to $576 million projected shortfall
Summary
Mayor Newsome told the Board of Supervisors the city faces a major budget gap and has proposed about $118.29 million in midyear solutions; he urged collaboration with the board and commissions while warning of a far larger projected deficit in the coming fiscal year.
Mayor Newsome told the San Francisco Board of Supervisors on Dec. 9 that the city faces a deepening budget crisis and urged the board to work with his office and city commissions to adopt midyear solutions.
The mayor said he had submitted recommendations to the controller that “set forth about $118,290,000, in midyear, solutions,” and that not all of that total represents program cuts: “roughly 40% of it is revenue,” he said. He also told the board that the city’s pessimistic projection for next year’s deficit had grown to “$576,000,000.”
Why it matters: Newsome framed the midyear package as a stopgap that must be coupled with more substantial planning for the next fiscal year. He said the city cannot borrow freely and is constrained by voter-approved…
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