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San Francisco budget office says general-fund gap near $383.4 million; targets and contingencies proposed
Summary
The mayor—s budget office told the Budget & Finance Committee that updated projections put San Francisco—s general-fund shortfall at about $383.4 million for the coming year and outlined department reduction targets, capital cuts and other contingencies that could narrow but not eliminate the gap.
San Francisco—s mayoral budget team on March 1 told the city—s Budget & Finance Committee that the most recent estimates put the general-fund shortfall for the coming fiscal year at about $383.4 million, with a formal joint report due in late March.
Greg Wagner, the mayor—s budget director, said departments formally submitted budget proposals March 1 and that city analysts have so far identified about $19.8 million in current-year savings and roughly $14 million in positive revenue adjustments that could be applied to next year. "These numbers will move," Wagner cautioned, calling the figure a working estimate rather than a precise calculation.
The administration has issued reduction targets to departments in tiers — modest (2.5%), more…
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