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. Read More
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. Read More