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San Francisco budget office offers two‑year plan as controller flags state and ballot risks
Summary
Mayor’s budget office presented a two‑year city budget the committee described as balanced at high level but dependent on local tax growth and a one‑year state reserve; the controller urged caution about state and federal budget uncertainty and the November ballot revenue assumptions.
San Francisco’s mayoral budget team presented a two‑year spending plan to the Board of Supervisors Budget & Finance Committee that would authorize roughly $7.35 billion in citywide spending in fiscal 2012–13 and boost the general fund to about $3.5 billion, Mayor’s budget director Kate Howard said. The proposal preserves city services while reflecting higher labor costs as previously negotiated furlough days expire, planned hiring in public safety and the absorption of functions from the dissolved redevelopment agency.
Controller…
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