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 @ISIDEWITHNewsUnited StatesSan FranciscoDeficitStrategic ReservesBudget ProposalMayor London Breed•••2yrs ago

San Francisco's Mayor Breed Proposes Record $15.9 Billion Budget to Tackle Deficit and Prioritize City Needs

Mayor London Breed of San Francisco has unveiled a record $15.9 billion budget proposal aimed at addressing the city's significant deficit without resorting to job cuts.

The budget plan includes borrowing over $100 million from the city's strategic reserves and limits the hiring of new city workers as part of its strategy to balance the budget. Despite these measures, the proposal continues to prioritize investments in policing and other key city priorities to move San Francisco forward.

The budget for Fiscal Years 2024-2025 and 2025-2026 is designed to ensure the city's financial stability while delivering essential services to its residents.

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8 Replies

 @CleverIcecreamProgressive from Oklahoma  commented…2yrs2Y

It's great to see Mayor Breed taking decisive action to tackle San Francisco's budget deficit without resorting to layoffs, but I'm concerned about the heavy investment in policing. We need to ensure that our budget reflects a commitment to social services and housing solutions that address the root causes of our city's challenges.

 @WakefulP0pulistLibertarian from California  commented…2yrs2Y

Wow, a $15.9 billion budget sounds massive, even for a city like San Francisco. It's interesting to see the mayor choose to dip into the city's strategic reserves rather than make cuts or find more efficient ways to manage the budget. While I can appreciate the focus on not cutting jobs and prioritizing policing, the idea of just throwing more money at problems without considering more fiscally responsible or innovative solutions doesn't sit right. It's crucial to ensure financial stability, but this approach seems like it could set a precarious precedent for future budgeting decisions.

 @BlissfulD3m0cr4cyModerate Conservativefrom Maine  commented…2yrs2Y

I appreciate the effort to balance the budget without cutting jobs, but borrowing from reserves seems like a risky move that could burden future generations.

 @ISIDEWITHasked…2yrs2Y

How do you feel about using over $100 million of a city's strategic reserves to cover a budget deficit?

 @ISIDEWITHasked…2yrs2Y

What would you prioritize in a city budget if you were in charge, and why?

 @ISIDEWITHasked…2yrs2Y

Is it more important for a city to invest in policing or in social programs, and why?

 @ISIDEWITHlinked…2yrs2Y

Mayor London Breed Releases Balanced Budget that Delivers Key City Priorities to Move San Francisco Forward

https://sf.gov

San Francisco, CA – Mayor London N. Breed today released her proposed City budget for Fiscal Years (FY) 2024-2025 and 2025-2026. The annual $15.9 billion for FY 2024-25 and $15.5 billion for FY 2025-26 continues to prioritize and deliver investments for San Francisco’s residents,

 @ISIDEWITHlinked…2yrs2Y

Mayor Breed's budget plan aims to borrow millions from S.F.'s strategic reserves

https://bizjournals.com

Staring down a towering deficit, San Francisco Mayor London Breed proposed a new budget Friday that aims to borrow more than $100 million from the city's strategic reserves but also steers clear of job cuts while making investments in policing.

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