Mayor Lee to unveil new San Francisco budget

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Mayor Lee to unveil new San Francisco budget

Courtesy Photo
Courtesy Photo
Mayor Ed Lee

Mayor Ed Lee will unveil his two-year city and county budget proposal today at City Hall in the Board of Supervisors chamber.

The unveiling will take place at 11 a.m. and will come one day before the deadline for Lee to submit a balanced budget proposal to the board for review and adoption.

Lee has made several announcements in the days leading up to the unveiling, including plans for millions of dollars for commercial districts and small-business loans, funding to back-fill cuts to AIDS/HIV funding, and a hiring plan for police and firefighters.

The budget proposal was made easier for Lee as San Francisco’s revenues have performed better than projected. The last projection showed he had to close a $170 million deficit projection.

The Board of Supervisors Budget and Finance Committee, led by Supervisor Carmen Chu, will comb through the details in June and hold a vote to make adjustments.

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URL: http://www.sfexaminer.com/local/2012/05/mayor-lee-unveil-new-san-francisco-budget