Posted on 12/21/2020 1:08:49 PM PST by Vendome
After closing two massive budget holes this year, San Francisco faces a new deficit of $653.2 million over the next two fiscal years as COVID-19 surges and a strict economic shutdown continues to ravage the city’s finances.
To close the gap, Mayor London Breed plans to direct departments Wednesday to slash costs, which could include painful layoffs and service cuts that have so far been mostly avoided.
The city’s budget office projects a $411.1 million hole in the next fiscal year, which begins in July, and a $242.1 million deficit in the year after that. City leaders were hoping for stronger economic recovery by this point in the pandemic, but sales, hotel and business taxes have been lower than expected while pandemic-related costs and expected employee raises are bumping up expenses.
(Excerpt) Read more at sfchronicle.com ...
Custodian 92K plus!! Nice work if you can get it...
Janitors making $100,000 and nurses making $300,000. What could go wrong? /s
In before the “cost of living is higher in SF”
What they are not addressing is the pensions that are promised but not funded.
What they are not addressing is the pensions that are promised but not funded.
Wait’ll 2021. It won’t just be San Francisco. It won’t just be big cities. It will be states and counties and small towns too.
Every dark cloud has a sliver lining
Don’t see any Engineers or Scientists here. Oh wait...we don’t need any of them as long as we have low paid foreign Engineers and Scientists designing our future.
I guess even a pandemic has a silver lining.
And San Fran Nan is cutting a stimulus package on the assumption that Joe Biden assumes the Presidency and is going to lavishly bail out the big cites on a separate, money has no limit bill. If Biden loses .......
If you think the salaries are bad, wait til you get a load of the pensions and health bennies...
And it will be “Trumps” fault they are all in trouble....
Why is Drumpf doing this to San Francisco?
Every mayor of every Democrat urban stronghold is expecting massive Federal subsidies to preserve their corrupt fiefdoms.
It's not the pay, it's the pensions. It's always the pensions.
Smokin’ Judas!
when your third floor walk-up single room efficiency costs you 85K a year .....
Bummer.
LMAO, run out of other peoples money huh?
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