Budget Outlook & Department Instructions January 2020 Presentation for the Department on the Status of Women Mayor’s Office of Public Policy and Finance 1 City and County of San Francisco
Agenda • Fiscal Outlook & the Deficit • Mayoral Priorities • Budget Instructions for Departments Mayor’s Office of Public Policy and Finance 2 City and County of San Francisco
Projected Deficit vs. Historical Deficits Deficit at Time of Budget Instructions ($M) $419.5 $402.4 $340.0 $270.8 $261.6 $104.2 FY 16 & FY17 FY 17 & FY18 FY 18 & FY 19 FY 19 & FY 20 FY 20 & FY 21 FY 21 & FY 22 First year of budget (BY) Second year of budget (BY+1) Mayor’s Office of Public Policy and Finance 3 City and County of San Francisco
Two-Year Deficit $419.5 million shortfall for the upcoming two-year budget Mayor must introduce a balanced budget each year Mayor’s Office of Public Policy and Finance 4 City and County of San Francisco
Deficit – Changes Summary What changed from last year? The rate of revenue growth is slowing and rising costs are significantly outpacing revenue $1,200 $1,000 $800 Millions $600 $400 $200 $0 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 Expenditure Growth (projected) Revenue Growth (projected) Mayor’s Office of Public Policy and Finance 5 City and County of San Francisco
Mayoral Priorities The Mayor’s top priority for the coming year is to address the challenges we face with those struggling on our streets • Housing, shelter, and services for those in need • Clean and safe streets for everyone • Healthy and vibrant neighborhoods We need to focus and reprioritize funding toward this most pressing need so we can: • Provide assistance to those on our streets • Be responsive to residents • Support City workers out there trying to make a difference Mayor’s Office of Public Policy and Finance 6 City and County of San Francisco
Budget Instructions • Mandated “target” efficiency/reduction proposals of 3.5% reduction in adjusted general fund support, growing to 7% total in second year • Intensified focus on accountability and equitable outcomes • Demonstrate the effective use of resources, help identify programs and funding that can be reprioritized • Do not load new General Fund supported FTE or budget enhancements Mayor’s Office of Public Policy and Finance 7 City and County of San Francisco
Calendar / Key Dates Dec 16 Budget Outlook & Instructions issued February 21 Budget submissions due to Mayor’s Budget Office June 1 Mayor proposes balanced budget to Board of Supervisors June Budget and Finance Committee hearings July Budget considered at Board of Supervisors Mayor’s Office of Public Policy and Finance 8 City and County of San Francisco
Contact Information Andrea Lynn– Mayor’s Budget Office Analyst Andrea.lynn@sfgov.org 415-554-6656 Mayor’s Office of Public Policy and Finance 9 City and County of San Francisco
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