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Budget committee hears five‑year plan showing persistent deficits and rising costs
Summary
The committee reviewed a five‑year financial plan projecting a $270 million shortfall over the next two years and a much larger out‑year gap driven by pension growth, healthcare inflation and an IHSS cost shift; officials said March updates and the May state "May revise" will clarify options.
San Francisco—s expanded Budget and Finance Committee heard a joint presentation March 13 on the mayor—s five‑year financial plan that warns of growing structural deficits driven by pension and health‑care costs, an in‑home support services (IHSS) cost shift from the state and labor obligations.
Chair Sandra Lee Feuer convened the first meeting of the five‑member committee and introduced analysts from the Budget & Legislative Analyst (BLA), the Mayor—s Budget Office and the Controller—s Office. Kelly Kirkpatrick, the mayor—s budget director, said the January projection shows a two‑year shortfall of $270,000,000 for fiscal years 2019–20 and 2020–21 and a much larger projected fifth‑year gap absent policy changes.
"The shortfall is the two year shortfall for fiscal year 19‑20 and 20‑21 ... is $270,000,000, as of the January…
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