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Committee releases $44 million mayoral reserve to restore departmental salaries
San Francisco Board of Supervisors Budget and Finance Committee · February 23, 2011
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Summary
Committee approved releasing $44 million in reserves placed during last year’s budget to fund previously planned salary and fringe restorations across departments after the budget office said state uncertainties had been resolved.
The Budget and Finance Committee voted to release $44,000,000 in reserve funds the mayor had placed during prior budget deliberations so departments can fund salaries and fringe benefits that had been held in reserve. Greg Wagner, the Mayor’s Budget Director, told the committee the state budget outlook has stabilized and that the…
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