Mayor Lee Signs Balanced Budget for 2011-12
Mayor Edwin M. Lee today signed the City & County of San Francisco’s Fiscal Year 2011-12 budget after today’s final unanimous approval by the Board of Supervisors. The $6.83 billion balanced budget closed a $380 million General Fund budget deficit.
“Our budget reflects our core fundamental values in San Francisco and it is the result of our collective hard work and collaboration over the past several months,” said Mayor Lee. “We are protecting vital services that our residents rely on every day while putting us on a course toward long term financial stability. I thank Board of Supervisors President David Chiu and Supervisor Carmen Chu, Chair of the Board’s Budget & Finance Committee for their leadership and commitment in putting forth a budget that keeps our City safe, solvent and successful.”
Mayor Lee took office in January 2011 facing a $380 million General Fund budget deficit and immediately began an inclusive, collaborative approach to solving the budget shortfall. The budget process included an unprecedented level of public input including ten neighborhood town halls and dozens of meetings with residents, labor organizations, small business owners, non-profit service providers and other stakeholders. Read more.