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Controller reports $157 million net improvement in nine-month budget status; FEMA timing and one-time stimulus remain key risks
Summary
City Controller Ben Rosenfield told the Budget & Appropriations Committee the nine-month status report shows a $157 million improvement since the six-month report driven by transfer tax gains and state controller guidance on excess ERAF; presenters warned FEMA claim timing and one-time federal stimulus create medium-term uncertainty.
City Controller Ben Rosenfield and staff briefed the Budget & Appropriations Committee May 19 on San Francisco's nine-month budget status report, saying the city's fiscal outlook has improved by roughly $157 million since the six-month update but underlying revenue weakness persists in sales, business and hotel taxes.
"Overall, we're reporting a net improvement of $157,000,000 since our six-month report," Michelle Allersma of the Controller's Office said.…
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