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Committee places $48.4 million of mayor’s midyear cuts on reserve to buy review time
Summary
The committee moved to place approximately $48.4 million in mayor-proposed midyear budget reductions into committee reserves so department spending would require committee approval. Chair Connie Chan framed the transfer as a way to continue negotiations while the city addresses a structural deficit.
The Budget and Finance Committee on Jan. 24 voted to place roughly $48.4 million of mayor-proposed midyear general fund budget reductions on the committee reserve, a procedural move that requires subsequent departmental spending to return to the committee for approval.
Chair Supervisor Connie Chan said the reserve action is intended to preserve department funds while supervisors and the administration continue negotiating how to address an identified multi-year structural gap. "Putting $48,000,000 on reserve allows us to continue that conversation," Chan said, noting projected deficits that guide the board’s caution.
The Budget and Legislative Analyst summarized the action as transferring mayor-proposed cuts to the committee’s…
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