48 posts categorized "Budget"


City Budget: Mayor Presents Proposed Balanced 2014-16 Budget

Mayor Presents Proposed Balanced 2014-16 Budget Mayor Edwin M. Lee today presented his proposed two-year balanced budget for Fiscal Year 2014-15 and 2015-16. The Mayor’s proposal balances a two year budget that closes budget deficits of $66.7 million in FY 2014-15 and $133.4 million in FY 2015-16. To deliver this two-year consensus budget proposal, Mayor Lee worked with the Board of Supervisors and heard directly from residents and community leaders in their districts, held an online budget town hall, and met with hundreds of residents, nonprofit organizations, City Commissioners, labor organizations, business owners, and advocates to discuss priorities and address concerns.
“We are making strategic investments to grow our economy, create jobs and make sure that our City remains affordable for low and middle income families,” said Mayor Lee. “This responsible and balanced budget protects social services for people who need them most, is affordable over the long term, increases City services including public safety; and supports our continued economic recovery. We are making historic investments in housing, transportation, and education. But the hard work is not yet done, and I look forward to working with the Board of Supervisors to deliver a budget that invests in the people of San Francisco.” Read more. 

The Mayor’s Budget for Fiscal Year 2014-15 and 2015-16 is available online: http://sfmayor.org/index.aspx?page=880


City Budget: Mayor Lee Presents Proposed May 1st Balanced Budget

01may2014_mayor_proposed_budgetMayor Edwin M. Lee today presented his proposed balanced budget for seven City departments (the Airport, Port, Public Utilities Commission, Municipal Transportation Agency, Child Support Services, Retirement System and Public Library), totaling $5.9 billion over the next two years. The May 1st budget includes enterprise and other self-supporting departments. The proposed capital projects deliver more than $4 billion into the local economy and support over 36,000 local jobs.

“We have opportunity to protect and continue our economic recovery while at the same time improve our City’s infrastructure for generations to come,”said Mayor Lee. “As we invest in and strengthen our transportation, waterfront and water system infrastructure, we are also putting our residents back to work. We will ensure that San Francisco remains an economic engine for the region and is a City that people from all levels of the economic spectrum can call home.” Read more.


City Budget: Mayor and Sup. Farrell Announce Online Budget Town Hall

City Budget: Mayor and Sup. Farrell Announce Online Budget Town Hall Mayor Edwin M. Lee and Board of Supervisors Budget Chair Mark Farrell today announced an Online Budget Town Hall to engage the public in the City's budget process and ask residents for ideas on how to balance the City's two-year budget. The current projected two-year budget shortfalls are $66.7 million in FY 2014-15 and $133.4 million in FY 2015-16.

The live Town Hall will take place on Thursday, May 1, 2014, from 9:00 a.m. – 10:00 a.m. Viewers can connect to the live stream through the Mayor’s home page at www.sfmayor.org or directly through YouTube at www.youtube.com/mayoredlee. Read more.


Housing Initiative: Mayor Announces Home Loan Assistance Program

6a01156ebcb4c7970c01a3fcd4a703970cSan Francisco, CA—Mayor Edwin M. Lee today announced the doubling of loan amounts for San Francisco’s Down Payment Assistance Loan Program (DALP), a homeownership program that provides financial assistance to low- to moderate-income first time home buyers, by offering a deferred-payment loan that requires no repayment for 40 years or at the re-sale of the unit. Starting this week, individual loans of up to $200,000 will be available to qualified buyers.

“The expansion of the DALP program proves the immediate and tangible impact of the Housing Trust Fund to assist the City’s first time home buyers and provide homeownership opportunities for San Francisco residents,” said Mayor Lee. “This down payment assistance program has assisted many working families in our City and will continue to support our diverse workforce that is so critical to our economy.” Read more.


City Budget: Mayor Signs 2013-15 Balanced Budget

Mayor Lee Signs 2013-15 Balanced BudgetMayor 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.