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Supervisors forward resolution backing Assembly Democrats' budget alternative to full board after amendment
Summary
The Budget & Finance Committee debated a resolution urging support for the Assembly Democrats' alternative to the governor's budget, debated legal and fiscal risks including securitization of fee revenue, and voted to forward the resolution to the full Board with suggested clarifying language about Proposition 58 and legal compliance.
The San Francisco Board of Supervisors' Budget & Finance Committee voted to forward a resolution recommending support for the Assembly Democrats' alternative to the governor's proposed state budget, while adding language to clarify how the plan would securitize fee revenues within the contours of Proposition 58.
President Chiu introduced the resolution as urgent, saying the governor's proposal would create a substantial gap in the city's finances and could cost San Francisco "up to $100,000,000," and that the Assembly Democrats' plan would protect critical safety-net and education funding without broad-based tax increases.…
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