Mayor Edwin Lee’s Statement On Three-Year Budget Projection Joint Report
Mayor Edwin M. Lee today issued the following statement on Three-Year Budget Projection for General Fund Supported Operations FY 2011-12 Through FY 2013-14 Joint Report by the Controller’s Office, Mayor’s Office and Board of Supervisors’ Budget Analyst:
“The Joint Report released today reaffirms our belief that San Francisco’s economy is finally moving in the right direction, and I am cautiously optimistic that the worst may be behind us. Even with the good news that San Franciscans are getting back to work, the Report illustrates that with a recovering economy, the City also faces growing budget deficits unless we take action to ensure that as we provide City services, we do so in a fiscally responsible manner and live within our means. In particular, we face difficult decisions in developing a balanced budget during the coming months and there will be no easy solutions, especially with the uncertainty resulting from the State’s budget stalemate. Finally, the Report shows that in order to protect the long term fiscal health of city government, we must continue our work to address the unsustainable growth in public employee health and pension costs in order to protect vital public services in the years to come.”
“The Joint Report released today reaffirms our belief that San Francisco’s economy is finally moving in the right direction, and I am cautiously optimistic that the worst may be behind us. Even with the good news that San Franciscans are getting back to work, the Report illustrates that with a recovering economy, the City also faces growing budget deficits unless we take action to ensure that as we provide City services, we do so in a fiscally responsible manner and live within our means. In particular, we face difficult decisions in developing a balanced budget during the coming months and there will be no easy solutions, especially with the uncertainty resulting from the State’s budget stalemate. Finally, the Report shows that in order to protect the long term fiscal health of city government, we must continue our work to address the unsustainable growth in public employee health and pension costs in order to protect vital public services in the years to come.”