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Mayor’s budget office projects $522 million shortfall; supervisors push for revenue and structural options
San Francisco Board of Supervisors Budget Committee · December 2, 2009
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Summary
The mayor’s budget director told the committee the general fund faces a projected $522.2 million year‑over‑year deficit driven by revenue declines and expenditure increases; supervisors pressed for rapid options for midyear cuts, potential ballot measures and structural reforms.
The mayor’s budget office presented a preliminary outlook Dec. 8 that projects a $522.2 million budget gap for FY2010–11, driven by lower property and payroll taxes, the expected expiration of federal FMAP increases, reduced rainy‑day funds and rising labor and benefit costs.
Greg Wag…
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