Newsom optimistic about next year's deficit

We’ve been throwing around the number $450 million as the upcoming budget deficit, but Mayor Gavin Newsom says that’s inflated. He’s more optimistic about next year’s fiscal fiascos now that the state has moved on passing a budget.

It’s not good news for San Francisco but more importantly it’s not horrible news, the mayor said. What that means is that the cuts will still trickle down to local level, but it’s nothing that the mayor hasn’t prepared us for. The mayor’s budget advisers are still crunching the numbers to see how much San Francisco will have to cut come December, when midyear budget cuts are made.

“I think it is well within our margin of what we expected,” Newsom told reporters. ”I feel like we will be in good shape.”

The city controller is expected to release a report next week that will detail whether The City needs to make any midyear budget adjustments.

 

 

Bay Area NewsbudgetGovernment & PoliticsPoliticsSan FranciscoUnder the Dome

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Demonstrators commemorated the life of George Floyd and others killed by police outside S.F. City Hall on June 1, 2020.<ins></ins>
Chauvin verdict: SF reacts after jury finds ex-officer guilty on all charges

San Franciscans were relieved Tuesday after jurors found a former Minneapolis police… Continue reading

San Francisco Unified School District Board member Faauuga Moliga, right, pictured with Superintendent Vincent Matthews on the first day back to classrooms, will be board vice president for the remander of the 2121 term. (Kevin N. Hume/S.F. Examiner)
Faauuga Moliga named as school board vice president to replace Alison Collins

The San Francisco school board on Tuesday selected board member Fauuga Moliga… Continue reading

Legislation by Supervisor Rafael Mandelman would require The City to add enough new safe camping sites, such as this one at 180 Jones St. in the Tenderloin, to accomodate everyone living on the street. (Kevin N. Hume/S.F. Examiner)
City would create sites for hundreds of tents under new homeless shelter proposal

Advocates say funding better spent on permanent housing

An instructor at Sava Pool teaches children drowning prevention techniques. (Jordi Molina/ Special to the S.F. Examiner)
Indoor city pools reopen for lap swimming and safety classes

Two of San Francisco’s indoor city pools reopened Tuesday, marking another step… Continue reading

A construction worker rides on top of materials being transported out of the Twin Peaks Tunnel as work continues at West Portal Station on Thursday, August 16, 2018. (Kevin N. Hume/S.F. Examiner)
SFMTA’s poor track record on capital projects risks losing ‘public trust’

Supervisors say cost overruns and delays could jeapordize future ballot revenue measures

Most Read