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Controller's office: state budget cuts leave San Francisco with roughly $8 million shortfall after reserves
Summary
A controller's office update to the Board's Budget and Finance Committee said state budget actions will reduce San Francisco revenues and services by an estimated $26.5 million; with $18 million in local reserves set aside, the city faces an approximate $8 million gap and the mayor has 21 days to propose fixes.
Smita, a controller's office presenter, reported to the Budget and Finance Committee that the state budget will produce a preliminary negative impact to San Francisco of $26,500,000. "We have a negative impact of $26,500,000 with a reserve of $18,000,000 leaving a gap of approximately $8,000,000," she told supervisors.
The presentation broke the estimate into major program areas: about $16 million in Department of Public Health losses (including cuts to prevention, AIDS programs and the…
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