Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Go woke, go broke! San Francisco mayor warns crime-ridden city now faces a $728m budget deficit over next two years, as remote work caused property taxes and public transit ridership to slump
UK Daily Mail ^ | 12/17/2022 | Harriet Alexander

Posted on 12/17/2022 4:02:56 PM PST by DFG

San Francisco's mayor is asking municipal departments to find significant savings as the embattled city braces for a $728 million budget deficit, predicted for the next two fiscal years.

With some of the lowest office occupancy rates in the country, thanks to the tech companies that make the city's lifeblood retreating to remote work, San Francisco has seen residents move to the suburbs - pushed also by rising crime.

The city's income from property taxes and office rates has plummeted, causing sleepless nights in City Hall.

London Breed, the mayor, on Thursday asked municipal departments to identify ways to reduce costs by 5 percent in the next fiscal year and by 8 percent in the year after that.

'We know the challenges facing San Francisco are significant, and we have a lot of work ahead of us to maintain the city's recovery efforts,' Breed said in a statement.

'As we work to close this deficit, it will require tough choices and real tradeoffs.'

Breed must submit a balanced plan on June 1 to the board of supervisors for the years beginning in July 2023 and July 2024.

Breed's team now believe the situation is worsening, and expect business taxes over the next two years to decline by $179.3 million from previous estimates.

Property taxes, usually a stable revenue source in downturns, are now projected over the same period to drop by $261 million from the earlier forecast.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections; US: California
KEYWORDS: breed; california; propertytax; sanfrancisco
Navigation: use the links below to view more comments.
first previous 1-2021-4041-49 last
To: joshua c

Ive seen this movie.
They get rid of middle management
Cut everyone’s pay
Force out anyone close to retirement
Cut services
Close departments
Jack up taxes


41 posted on 12/17/2022 6:44:10 PM PST by Keyhopper (Indians had bad immigration laws)
[ Post Reply | Private Reply | To 14 | View Replies]

To: DFG

....a few years ago I had some major surgery.

I was gratified to read the resume of the lead surgeon. He/they literally saved my life. Since then, I’ve had 3 grandchildren born.

....analogically speaking, hiring a leftist/marxist like London Breed to fix a 728 million dollar budget deficit would be like me hiring the hospital janitor to operate on me.

Sooner or later, SFO will be bankrupt like NYC in 1975. Long term, the City would be better off filing bankruptcy now and let the attorneys and courts sort through the damage while keeping REAL basic services functioning.


42 posted on 12/17/2022 7:45:08 PM PST by Cen-Tejas
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

Defund more police and raise taxes.


43 posted on 12/17/2022 11:43:27 PM PST by lurk (u)
[ Post Reply | Private Reply | To 1 | View Replies]

To: roadcat

That happened everywhere.

Hartford is a war zone. West Hartford Farmington and Glast are booming. Portland is devolving quickly due to leftists. South Portland westbrook and Scarborough are thriving. Some growth but a lot of just plain displacement


44 posted on 12/18/2022 4:41:33 AM PST by Chickensoup (Genocide is here. Leftist extremists are spearhheading the Genocide against conservatives. )
[ Post Reply | Private Reply | To 27 | View Replies]

To: Lockbox

A $1 per night fee for sleeping on a city sidewalk should cover the shortfall.

EC


45 posted on 12/18/2022 6:51:13 AM PST by Ex-Con777
[ Post Reply | Private Reply | To 2 | View Replies]

To: Vendome; DFG
"More than 19,000 of their so called employees receive $150,000 or more in their W4 each year."
Using your numbers just give the 19K City Employees making 150K a 13% "Emergency Payroll Deduction". At a minimum they'd save $370.5 Million a year and a bit more for those clearing $200K each.

Open payrolls lists these stats:


City and County of San Francisco, California Employee Salaries

The average employee salary for City and County of San Francisco, California in 2021 was $99,674. This is 48.6 percent higher than the national average for government employees and 48.4 percent higher than other counties. There are 97,471 employee records for City and County of San Francisco, California.


My math says that's a $9.7 Billion annual pay roll so a 10% cut across the the board would free up $971 Million annually. Since they seem to be very well paid they'd probably survive.

Worse case they could get a second job offering street-side maid services for the homeless.

From the article its hard to tell if "$728 million budget deficit, predicted for the next two fiscal years." is $364M/year or $728M/year either way with the 10% Across the board pay cut , to be more equitable of course - problem solved.

Think I'll just send the mayor my consulting bill. See what happens. ;-)

46 posted on 12/18/2022 10:21:57 AM PST by Tunehead54 (nothing funny here ;-)
[ Post Reply | Private Reply | To 36 | View Replies]

To: whinecountry
As an old guy I remember when it was called “South City.”

It still is, but the reference is lost on others outside the SF Bay Area. My wife and I grew up in SF, moved to South City in the early 1970s. For a long time it was a sleepy town full of blue collar businesses, and wasn't changing much. Then Genentech came on the scene, and other biotech companies also came. My oldest daughter worked at Genentech for a decade. The company expanded on the east side of the bay shore in SSF, growing to more than 50 buildings on many blocks. They provided a lots of benefits to the city, donating money to schools and local infrastructure. That's how my daughter got involved, via school programs. The downtown boomed and gentrified, and stores and restaurants got better. It got crazy over the last 20 years, with many high-rise towers replacing 2 and 3 story buildings. The old steel mill and slaughterhouse properties got developed into business parks with thousands of employees. My daughter moved to Iowa with her husband and kids, and was shocked when she comes to California to visit. Exclaims "Holy cow!" when she sees all the changes over a few years, including her old school demolished and completely rebuilt, and new library, police station, city center buildings and new train station. All to the detriment of San Francisco to the north, which is declining.

47 posted on 12/18/2022 12:05:24 PM PST by roadcat
[ Post Reply | Private Reply | To 37 | View Replies]

To: Tunehead54
There are 97,471 employee records for City and County of San Francisco, California.

This is a misleading number. All city departments have a number of unfilled positions. The department heads and managers play a game where they request new positions for their groups, and leave them unfilled. There are cyclic boom and bust periods in the city. The mayor (whoever it is at the time) puts out a request to department heads to cut people in order to "balance the budget", usually 5 percent of staff. Department heads cut many of these unfilled positions. Mayor can then proclaim to the press that they cut staff. Then the managers begin work on requesting new positions. Result - numbers of employees grows and grows despite the workload not growing. Almost 3 times the number of employees as there were several decades ago.

48 posted on 12/18/2022 12:14:24 PM PST by roadcat
[ Post Reply | Private Reply | To 46 | View Replies]

To: Tunehead54

Well, I can’t see what they need 19,000 employees for.

San Jose is larger by population and has 9nly 6500 employees


49 posted on 12/18/2022 12:40:11 PM PST by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
[ Post Reply | Private Reply | To 46 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-49 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson