Last Tuesday, the Board of Supervisors voted to put a measure on the next ballot (which will be in November unless there is a special statewide election before then) that would allow the Board of Education to increase their pay from $500 per month up to half the regular salary of a first-year teacher in San Francisco, or about $25,000 per year. Supervisors Carmen Chu, Sean Elsbernd and Mark Farrell voted no.
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The City is closer to beefing up its budget reserve to better prepare itself for dark economic times such as the current recession.
Establishing a so-called budget stabilization reserve fund is meant to “better absorb revenue shortfalls,” according to City Controller Benjamin Rosenfield, who is recommending the structural change.
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URL: http://www.sfexaminer.com/taxonomy/term/23086
