Mayor Newsom Proposes 2010-11 Balanced Budget

Mayor Newsom Proposes 2010-11 Balanced Budget Mayor’s $6.48 Billion Budget Balanced Without New Tax Increases through Partnership with Public Employee Unions, Government Efficiencies, New Revenues &  Reform.

Despite a lingering global economic recession and a historic projected budget deficit, Mayor Gavin Newsom today proposed his balanced budget for San Francisco’s fiscal year 2010-2011. The $6.48 billion budget prioritizes investment in infrastructure, jobs and economic development, protects public safety and preserves the City’s social safety net for the most vulnerable – without new general tax increases. The proposed budget closes the projected $482.7 million deficit largely through  City government efficiencies and reforms, significant public employee union concessions, salary, position and overtime reductions and shifting to outside union contractors for some services.

“Even amidst great economic challenges, we have worked hard to protect our values and invest in our priorities through this proposed budget – jobs, public safety and the social safety net for the most vulnerable,” said Mayor Newsom. “Working in partnership with our public employee unions and by reforming City government to make it more efficient, we are protecting jobs and vital services at a time when our State government and cities across California are facing even deeper cuts, new tax increases and  large-scale layoffs.”

The Mayor’s budget reduces overtime by $17.7 million, a 16% reduction over the previous year, and eliminates 855 positions overall, leaving City government with the lowest number of city employees since 1998. Though once confronting thousands of layoffs, more than $250 million in wage and other concessions agreed to or pending agreement by the City’s public employee unions over the next two years means less than 35 0 layoffs are anticipated this summer, far fewer than even the cap of 425 agreed to in labor  negotiations this spring.

The Mayor's 2010-2011 Proposed Budget is available online at www.sfmayor.org/policy-Finance under the "FY 2010-2011" section under "Budget Documents." You can also click on the following to go directly to the document: http://www.sfmayor.org/wp-content/uploads/2010/06/FINALFY10-11MYRProposedBudget.pdf

Watch the Mayor's 2010-2011 Budget Presentation on YouTube

Posted on June 2, 2010 | The comments to this entry are closed.