Mayor Edwin M. Lee today signed San Francisco's two-year balanced budget for Fiscal Year 2013-14 and 2014-15 after the Board of Supervisors unanimously approved it yesterday. The two-year balanced budget for Fiscal Year 2013-14 and 2014-15 totals $7.9 billion annually, and it closes budget shortfalls of $124 million for FY 2013-14 and $256 million for FY 2014-15. The Mayor and Board of Supervisors worked closely together to develop this budget, and collaborated with residents, community organizations, City Departments and City employees to deliver the balanced budget on time.
"This consensus driven, responsible budget that the Board of Supervisors unanimously adopted yesterday reflects our shared commitment to innovate to solve our City's challenges, involve the public and invest in our infrastructure and workforce," said Mayor Lee. "Together we are supporting San Francisco's economic recovery and at the same time, guaranteeing public safety and protecting the social safety net services for those that need them the most. Thank you to Budget and Finance Committee Chair Supervisor Mark Farrell for leading this effort, and thank you to the entire Board of Supervisors for delivering a responsible and equitable final budget to the residents of our great City." Read more.