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Controller: San Francisco’s 9-month report shows $210 million year-end balance; $96 million available surplus
Summary
Controller Ben Rosenfield told the Budget & Finance Committee the city projects a $210 million year-end general fund balance, of which about $114 million is already appropriated, leaving roughly $96 million of unappropriated funds and a materially improved outlook compared with the 6‑month report.
San Francisco’s controller told the Board of Supervisors’ Budget & Finance Committee on May 22 that a citywide 9‑month budget status report projects a $210 million general fund year‑end balance and an improvement of roughly $58 million since the six‑month estimate.
Controller Ben Rosenfield said $114 million of the projected balance has already been appropriated as part of last year’s two‑year budget, leaving about $96 million in surplus above prior appropriations. "We have a surplus of $96,000,000 above and beyond previous appropriations," Rosenfield said, and attributed much of the improvement to stronger‑than‑expected local revenue performance, including payroll and transfer taxes.
Rosenfield told the committee that…
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