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Controller and city health officials flag federal tax and budget changes as risks to San Francisco services

San Francisco Board of Supervisors Budget and Finance Committee · March 22, 2018
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City staff told the Budget & Finance Committee the federal tax overhaul and ongoing federal budget debates could reduce revenues, change household tax burdens, and pose risks to Medicaid/Medi‑Cal and safety‑net programs; the controller and DPH asked the city to track impacts and consider reserves.

City financial staff and department officials told the Budget & Finance Committee that recent federal tax changes and ongoing federal budget negotiations pose material fiscal and service risks for San Francisco.

Michelle of the Controller’s Office and Ted Egan, also of the Controller’s Office, summarized recent federal activity including a February two‑year budget package and the December 2017 tax law. Egan cited Joint Committee on Taxation estimates that the tax changes would add roughly $1.5 trillion to the federal deficit over 10 years and produce…

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