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Arts Commission approves proposed FY 2024-25 and 2025-26 budget as city faces large shortfall
Summary
The San Francisco Arts Commission unanimously approved a proposed budget for fiscal years 2024-25 and 2025-26 after a presentation from Deputy Director Sarah Hollenbeck outlining constrained revenues, large capital requests and an estimated general-fund shortfall for the city.
The San Francisco Arts Commission on Feb. 5 unanimously approved the commission's proposed budget for fiscal year 2024-25 and fiscal year 2025-26 after a detailed presentation by Deputy Director of Administration and Finance Sarah Hollenbeck.
Hollenbeck told commissioners the city's budget outlook remains challenging. "The budget deficit for the next 2 fiscal years is currently being estimated at $799,000,000," she said, noting a mix of factors that include reduced federal and FEMA reimbursements related to COVID and moderated growth in hotel-tax revenue.
The nut of the presentation was that the Arts Commission must balance competing demands amid constrained…
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