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Controller: San Francisco faces $1.1B–$1.7B multi‑year shortfall; budget process delayed
Summary
Comptroller Ben Rosenfield told the Budget & Appropriations Committee the city faces a multi‑year revenue shortfall now estimated at $1.1 billion to $1.7 billion under two economic scenarios. The mayor nd budget office will delay the budget calendar, issue interim budget instructions, and seek federal and state reimbursement and philanthropic support.
Comptroller Ben Rosenfield told the Budget & Appropriations Committee that the economic shock from the COVID‑19 pandemic has produced sharp near‑term revenue losses and left the city facing a substantial multi‑year budget gap.
Rosenfield summarized a joint report by the Controller, Mayor nd the Budget & Legislative Analyst offices: about 14,000 San Francisco businesses—employing roughly 166,000 people—are fully or partially affected by shelter‑in‑place orders. The offices modeled two scenarios and now estimate a cumulative shortfall of roughly $1.1 billion in an optimistic scenario up to $1.7…
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