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San Francisco Board of Supervisors Budget & Finance Committee · April 7, 2010

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2:08:49

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30:00

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2:08:49

Call to order, roll call and clerk announcements

Presentation

0:10 → 1:18(1m 8s)

Chair Supervisor John Avalos opened the meeting, identified committee members present (Supervisor Sean Ellsburn/Ellsberg, Supervisor Sophie Maxwell, Vice Chair Ross Percarimi/Mercurini, Supervisor David Campos) and asked Clerk Gail Johnson for announcements about meeting procedures and packet distribution.

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The San Francisco Budget & Finance Committee considered Controller-recommended financial policies (Prop A) to create a 2% general reserve and a new budget-stabilization reserve, approved an amendment to delay the general-reserve ramp-up, released most of a $43 million midyear reserve to departments, and received a joint three-year budget projection showing roughly a $483 million general-fund shortfall for the coming year.

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No transcript available.