San Francisco Expects $876 Million Budget Deficit, Warns of Cuts

By Yahoo! Finance   |   1 year ago
San Francisco Expects $876 Million Budget Deficit, Warns of Cuts

San Francisco faces a $876 million budget shortfall, leading Mayor Breed to propose 15% spending cuts. The city's recovery is slow due to declining tax revenues and rising expenses. Incoming Mayor Lurie anticipates challenges ahead, including potential impacts from the new administration and Congress.

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