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Mayor presents balanced two‑year budget; controller flags revenue risks
Summary
Mayor—s proposed two‑year budget totals about $8.9 billion in year one and funds hospital opening, public safety hiring and major capital projects; Controller Ben Rosenfield called the revenue assumptions "reasonable" but warned of transfer tax volatility, gross receipts implementation risks and potential state clawbacks.
Kate Howard, the mayor—s budget director, briefed the Board—s Budget and Finance Committee on the mayor—s proposed two‑year budget, describing it as a balanced plan that funds San Francisco General Hospital operations, accelerates police and fire hiring and makes large investments in capital and information technology. Howard said the first year totals about $8.9 billion, with nearly $4.6 billion in the general fund and record levels of…
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