City Budget: Mayor Presents Proposed Balanced Budget

City Budget: Mayor Presents Proposed Balanced BudgetMayor Edwin M. Lee today presented his proposed two-year balanced budget for Fiscal Year 2013-14 and 2014-15. The Mayor's proposal balances a two year budget that closes budget deficits of $124 million for FY 2013-14 and $256 million for FY 2014-15. The two-year budget is the result of a collaboration with elected officials, residents, departments, community organizations, and employees. 

"Because of our strategic investments in job creation and economic growth, San Francisco has been spared the deep budget deficits we have experienced over the last several years and we are now able to invest in our City and protect social services when people need them the most," said Mayor Lee. "This consensus driven, responsible budget reflects my commitment to innovate to solve our civic challenges, involve the public, and invest in our infrastructure and workforce. The hard work is not done, and we can expect that the State and Federal governments will continue to scale back their investment in cities. We must continue on the path of reform and fiscal responsibility to continue our economic recovery, guarantee public safety and essential social safety net programs and serve our residents. I look forward to working with the Board of Supervisors to deliver this final budget to the people of San Francisco." Read more.

Posted on May 31, 2013 | The comments to this entry are closed.