Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City's five‑year plan shows improving short‑term revenues and longer‑term shortfalls, presenters say
Summary
Controller Ben Rosenfield and the Mayor's Budget Director Kate Howard told the Budget & Finance Committee the city's joint five‑year financial plan projects a roughly $67 million general fund shortfall in 2014‑15, driven by expenditures outpacing revenue growth farther into the horizon and by enterprise risks such as Hetch Hetchy capital needs.
City officials told the San Francisco Board of Supervisors Budget & Finance Committee on April 2 that while the short‑term fiscal outlook has improved, structural pressures and enterprise risks mean shortfalls will grow later in the five‑year projection.
Controller Ben Rosenfield said the joint five‑year financial plan prepared by the controller's office, the mayor's budget office and the Board's budget analysts projects approximately a $67,000,000 general fund shortfall for fiscal 2014‑15, growing in later years if ongoing solutions are not identified. Rosenfield said revenue growth continues but that projected expenditures outpace…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
