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City officials warn May revise could deepen San Francisco shortfall; $20 million in CARES Act money may help
Summary
Mayor's budget staff and the city controller told the Budget & Appropriations Committee the governor's May revise projects a $54 billion statewide shortfall and identifies roughly $20 million in CARES Act reallocation that could come to San Francisco; supervisors pressed for clarity on trigger cuts and the possible retroactive loss of local funding.
Ashley Grafenberger of the Mayor's Budget Office told the Budget & Appropriations Committee on June 10 that the governor's May revise shows an unusually large swing in California's finances, with "the state is projecting a $54,000,000,000 shortfall over 2 years." She said the May revise proposes spending rainy-day reserves, relying on federal funding and using CARES Act dollars and noted the proposal includes about $1.3 billion of CARES Act revenue distributed to counties; San Francisco's initial estimate is "about $20,000,000" of that allocation.
The city controller, Ben Rosenfield, emphasized the breadth of likely impacts and urged vigilance. He said state-level proposals include trigger cuts across many programs, and the controller's office and mayoral staff are…
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