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Joint report warns of multi‑year budget shortfall up to $746 million if ongoing solutions aren—t adopted
Summary
The Controller, Budget Analyst and Mayor—s budget office presented a joint three‑year projection showing a $438 million gap next year and a potential $746 million shortfall in year three if the city relies on one‑time fixes rather than ongoing solutions.
The Budget and Finance Committee reviewed a joint three‑year revenue and expenditure projection on April 1 that projects a structural budget gap unless ongoing fixes are adopted.
City budget staff said the joint report assumes current known revenues and expenditures and highlights a $438 million projected shortfall for fiscal year 2009—2010, rising to $615 million for fiscal year 2010—2011 and to roughly $746 million for fiscal year 2011—2012 under a scenario that treats all near‑term solutions as ongoing. The presenters emphasized that those figures span a range: if the city fills…
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