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Mayor’s budget director outlines five‑year plan, warns of $500 million gap and sequester effects
Summary
Kate Howard, the mayor’s budget director, told the Budget & Finance Committee the city’s joint five‑year financial plan projects roughly 13% revenue growth and 25% expenditure growth over five years, producing an estimated $500 million shortfall; she flagged a special focus on Department of Public Health and preliminary $25 million federal sequester impacts.
Kate Howard, the mayor’s budget director, told the San Francisco Board of Supervisors’ Budget & Finance Committee on March 6 that the city’s new five‑year financial plan projects 13% revenue growth ("nearly $600,000,000") and about 25% growth in expenditures (about $1,100,000,000), producing a shortfall of roughly $500,000,000 over the five‑year period. The plan, she said, must be balanced "with or without amendments" before the board’s May 1 deadline.
Howard said the three plans introduced by the mayor — the five‑year financial plan, the 10‑year…
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