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Mayor’s budget guidance requires 3.5% annual general-fund cuts; HSS CFO outlines implications
Summary
CFO Pamela Levin told the HSS board the mayor’s instructions require departments to propose ongoing general-fund reductions of 3.5% in FY2021 and again in FY2022 (7% total), citing projected five-year deficits; HSS staff said the cuts will be difficult given the department’s small size and previous savings it provides the city.
Pamela Levin, the Health Service System’s chief financial officer, briefed the board on the mayor’s two-year budget instructions and the city’s five-year financial outlook on Jan. 9.
Levin said the five-year financial plan projects a deficit of about $195.4 million in FY2021 and about $224.1 million in FY2022. In response, the mayor’s instructions ask…
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