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Controller says six-month report narrows gap by about $62 million; shortfall now ~$200 million
Summary
The Controller's Office told the Board's Budget & Finance Committee it projects a roughly $62 million improvement to the current-year ending fund balance—largely from property and business taxes and higher Department of Public Health revenues—bringing the mayor's remaining budget shortfall to about $200 million.
The San Francisco Controller's Office told the Budget & Finance Committee that a six-month review shows an estimated $62,000,000 improvement in the city's current-year ending general fund balance, narrowing the mayor's projected shortfall to about $200,000,000.
Michelle Ehlersmith, presenting the controller's update, attributed most of the upside to stronger-than-expected property-tax receipts (driven by the Assessor's recent work to clear an…
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