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Mayor's budget office warns of $229 million shortfall; asks departments for 8% cuts
Summary
Mayor's budget director Nani Coloretti told the Budget and Finance Committee the city faces a projected $229 million general-fund shortfall for FY2008-09 and instructed departments to identify 8% general fund reductions and a 5% contingency reduction; the committee continued the item pending state budget news.
Nani Coloretti, the mayor’s budget director, told the San Francisco Budget and Finance Committee that preliminary instructions for the FY2008-09 budget call for department reductions to address a projected $229,000,000 general-fund shortfall.
Coloretti said three primary factors drive the gap: the loss of one-time balancing sources (which she quantified at about $110 million),…
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