In an effort to tackle a budget shortfall of more than $700 million, San Francisco Mayor London Breed on Thursday issued instructions to city department heads to make cuts to their budgets.
According to the mayor's office, over the next two years, San Francisco is projecting a budget shortfall of $728 million with a $200 million deficit in the first year and a $527 million deficit in the second year.
According to the mayor's office, the last time San Francisco projected a shortfall around this size was two years ago, after the pandemic hit. "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," the mayor said in a statement."As we work to close the deficit, it will require tough choices and tradeoffs. The continued impacts brought by the pandemic certainly has slowed our recovery, but we are making progress."
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