Budget and Finance Committee Chair Mark Farrell Announces City Budget Deal out of Budget Committee

SAN FRANCISCO – Today, the Board of Supervisors Budget and Finance Committee, Chaired by Supervisor Mark Farrell, voted unanimously to pass the City’s two-year budget out of Committee and on to the full Board of Supervisors.

Budget and Finance Committee Chair Mark Farrell Announces City Budget Deal out of Budget Committee

 

SAN FRANCISCO – Today, the Board of Supervisors Budget and Finance Committee, Chaired by Supervisor Mark Farrell, voted unanimously to pass the City’s two-year budget out of Committee and on to the full Board of Supervisors.

 

“In my fourth year as Budget Chair, I am proud to have put together a City budget with the unanimous support of my colleagues on the Budget Committee,” said Supervisor Mark Farrell. “After days and nights of tough negotiations, I believe this budget reflects the values and priorities of all San Franciscans and places top priority on reducing homelessness, producing more housing, enhancing public safety, and improving the quality of life for all San Franciscans.”

 

Supervisor Farrell worked to broker the consensus package approved by the Budget and Finance Committee today for months through numerous meetings with the public, advocate organizations, City departments, and hearings at the Budget and Finance Committee. Overall, the Budget and Finance Committee identified approximately $60 million in savings with just over $33.5 million in fiscal years 2016-17, and just over $25.5 million in fiscal years 2017-18.

 

“This budget year was extremely challenging given all of the dynamics of the Board, but I was proud to invest in the top priorities our residents expect to see and to continue to place record amounts into our budget reserves to protect against the next economic downturn,” said Supervisor Mark Farrell

 

With the additional budget savings identified by the Committee, the Committee was able to:

  • Secure over $13 million to address homelessness and produce housing
  • Secure over $6 million for enhancing public safety and enacting common sense reforms
  • Secure over $7 million for LGBT specific services and to further get to zero HIV infections
  • Secure over $7 million for youth, TAY, and at-risk youth specific services
  • Secure over $2 million to address food security needs

 

The two-year City budget will now be voted on by the full Board of Supervisor at their July 18th and 26th meetings. The Board of Supervisors must adopt a balanced budget by August 1st, as mandated by the City’s Charter. 

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