Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Controller flags $123 million in unsecured federal revenue and warns of a $400M-plus gap next year
Summary
Controller Ben Rosenfield told the Budget & Finance Committee that the mayor—s revenue assumptions are broadly reasonable but that about $123 million in federal revenues and $88 million tied to AB188 remain unsecured, and that the next fiscal year could face a deficit approaching $400 million without additional action.
Ben Rosenfield, the city Controller, told the Budget & Finance Committee that the mayor—s proposed 2010-11 budget is generally reasonable but carries significant revenue risk.
Rosenfield said the Controller's office identified roughly $123 million of assumed federal revenue in the mayor—s plan that still depends on federal action, including stimulus extensions and other items. "Either an act of Congress in one case... and in the case of the second…
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
