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Controller projects modest surplus but flags $30M of uncertain revenues and possible childcare impacts
Summary
Controller's first‑quarter update showed a $21.5 million projected surplus for FY2010–11 if $30 million in uncertain revenues are realized; staff warned of state budget risk, a projected FY2011–12 shortfall (~$450M per mayor's office estimate), and potential cuts to Stage 3 childcare affecting about 1,200 children.
The Controller's Office presented the city’s first‑quarter fiscal update on Oct. 19, reporting a projected general fund surplus of $21.5 million for the current fiscal year — contingent on receipt of about $30 million in uncertain revenues.
Leo Levinson, director of the budget and analysis division, said the projection assumes $30 million in federal and other revenues materialize; the recently signed state budget reduces local general…
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