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Controller reports $129M six-month surplus; supervisors warned of health and legal deficits
Summary
The city controller reported a $129 million improvement in the general fund six-month outlook driven by higher property, transfer and hotel taxes, but supervisors were warned of continued uncertainties and departmental shortfalls in public health and the city attorney's office.
The Controller's six-month financial report, delivered to the Budget and Finance Committee, showed a materially improved outlook for San Francisco's general fund but left supervisors cautious about ongoing risks.
Monique Zamuda of the Controller's Office said higher-than-expected collections have produced a projected general-fund ending balance that is $129 million better than previously forecast. "Our projected general fund ending balance for the current year is estimated at $129,000,000," Zamuda said, citing stronger…
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