Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board committee hears city—s first five-year financial plan under Proposition A
Summary
The Budget and Finance Committee heard the mayor—s and controller—s first five-year financial plan under Proposition A. Staff projected a near-term $283 million gap growing to roughly $829 million by year five under status quo assumptions and outlined options across capital spending, labor costs, revenues and departmental savings.
The Budget and Finance Committee of the San Francisco Board of Supervisors on Tuesday heard the city—s first five-year financial plan, a new requirement of Proposition A intended to provide a multiyear roadmap for addressing recurring budget shortfalls.
Controller Ben Rosenfield introduced the plan as a framing document rather than a line-by-line budget, saying it is intended to give the mayor and the board a longer-term view of fiscal pressures and choices. "This is the first time we've had this conversation as a city, where we have brought forward a multiyear financial plan," Rosenfield said.
Greg Wagner, the mayor—s budget…
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
