Controller: San Francisco faces $1.1B–$1.7B multi‑year shortfall; budget process delayed
Apr 1, 2020
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.
The full story
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.
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