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San Francisco News > Blog > News > San Francisco leaders tackle $876 million price range shortfall
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San Francisco leaders tackle $876 million price range shortfall

By Miles Cooper
News
December 5, 2024
San Francisco leaders tackle 6 million price range shortfall
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San Francisco leaders tackle $876 million price range shortfall

SAN FRANCISCO (KRON) – Oakland will not be the one metropolis within the Bay Space with an enormous price range deficit. San Francisco Mayor London Breed has informed metropolis departments that San Francisco faces a price range deficit of $876 million over the subsequent two years, and large cuts will have to be made.

District 1 Supervisor Connie Chan, who chairs town’s price range and finance committee, says San Francisco has been spending extra money than it earns as bills improve and revenues drop or keep flat.

“All across the board, we now see a significant decrease of business tax revenue for San Francisco,” she stated. 

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In her price range directions, the mayor has suggested departments to enact ongoing everlasting spending reductions of 15%, however Chan says across-the-board cuts will not be possible.

Home of Prime Rib sued by former worker who claims he was denied meal breaks, watched with cameras

“The police departments right now, we all know it’s been short-staffed, so to expect them to decrease their budget by 15% and potentially even a hiring freeze, we know that’s not acceptable for our public safety agencies like the police department,” she stated. 

The mayor additionally urged the opportunity of a hiring freeze, however Chan believes that needs to be for managers solely. The mayor additionally suggests a evaluation of all contracts with exterior companies that present providers. Chan believes that’s a good suggestion

“We need to look at some of the grant contracts and some of the current existing contracts if they’re not producing results,” Chan stated. “We need to realistically, by either terminate them or reduce the dollar amount of spending, and that’s roughly more than a billion dollars annually for the city, and that is really where we need to start first.”

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Mayor Breed and mayor-elect Daniel Lurie weren’t out there for interviews. Lurie despatched the next assertion:

“The budget deficit is a crisis that we must face head-on, and it will require us to make difficult decisions. We can’t simply cut our way out of this nor can we balance the budget on the backs of working people. We need to stop spending more than we can afford while prioritizing investments that are critical to a full economic recovery and the maintenance of essential services.”

TAGGED:budgetFranciscoleadersmillionSanshortfall
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