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Comptroller: nine-month report trims San Francisco—s two-year deficit to about $100 million
Summary
The Comptroller—s nine-month report projects a roughly $55 million improvement in the current-year ending balance, cutting the city—s two-year shortfall to about $100 million and identifying higher patient revenue at San Francisco General and expenditure savings at Human Services as primary drivers.
The Budget and Finance Committee heard a nine-month budget-status update May 22 in which the City—s Comptroller—s Office projected a roughly $55 million improvement in the current-year ending balance, reducing the two-year shortfall to about $100 million.
The report, presented by the Comptroller—s Office Director of Budget Analysis, said stronger-than-expected patient revenue at San Francisco General Hospital and expenditure savings at the Human Services Agency were the leading contributors to the improvement. The office also noted modest sales-tax timing gains and one-time windfalls such as a realized $8 million payment to the War Memorial from a transferable development-rights…
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