San Francisco may release $44 million held in budget reserves 

At the start of the budget year, the San Francisco Board of Supervisors placed $44 million on hold for various city departments, such as $5 million for fire and $7 million for police.

The political move was meant to ensure that the mayor would honor the $40.4 million the supervisors had added back into the city and county budget for what were their spending priorities.

If the mayor or city departments chose not to spend the money on how the board allocated it, then it always had the threat of not releasing this $44 million. It was an effort to have some political leverage.

But it doesn’t look like there will be much by way of controversy. Budget Analyst Harvey Rose’s report says: “According to the Mayor’s Office, the Board of Supervisors budget restorations were full funded, and city departments anticipate fully expending the FY 2010-2011 budget restorations.”

If the money is not released, then it could mean 4,075 city workers would have be laid off June 1.

Meanwhile city departments have already been hard at work in trying to figure out next fiscal year’s budget. On Tuesday, departments are supposed to submit to the mayor their budget proposals to help close the $380 million budget deficit for the fiscal year beginning July 1.

The Board of Supervisors Budget and Finance Committee meets Wednesday at 11 a.m., at City Hall in Room 250, to vote on releasing the $44 million.

Pin It

More by Joshua Sabatini

Latest in Government & Politics

© 2019 The San Francisco Examiner

Website powered by Foundation