Plan would more than halve deficit

Mayor Gavin Newsom’s Budget Office said Wednesday that it has outlined $183.1 million worth of cost-saving proposals for carving into a projected $338 million budget deficit for the upcoming fiscal year.

In the last six months, projections for The City’s fiscal shortfall grew by $100 million, in part due to wage increases and less-than-expected funding from the state. Steps — including monitoring of overtime, and program cuts — have been taken to alleviate the financial pressure. Budget Director Nani Coloretti presented a draft of ideas to the Budget and Finance Committee of the Board of Supervisors on Wednesday that would trim the shortfall to $155 million.

After the meeting, Coloretti told The Examiner that the ideas were not set in stone.

Just Posted

Man drives Tesla wrong way across Bay Bridge from SF to Oakland, in custody

A man has been arrested after driving a Tesla Model 3 sedan… Continue reading

SF supervisor candidates back car-free streets

District 5 hopeful Preston pitches network of bike-only roads to prevent traffic deaths

Climate strike organizers say SFUSD blocked student participation

The organizers behind Friday’s Climate Strike in San Francisco are accusing the… Continue reading

City puts closure of long-term mental health beds on hold

In response to public outrage over a proposal to suspend 41 permanent… Continue reading

Most Read