Mayor Lee’s Statement On Five Year Financial Plan Update Joint Report
Mayor Edwin M. Lee today issued the following statement regarding the Five Year Financial Plan Update for General Fund Supported Operations FY 2012-13 through FY 2015-16 Joint Report by the Controller’s Office, Mayor’s Office and Board of Supervisors’ Budget and Legislative Analyst:
“The Joint Report is yet again more good news for our City, showing that San Francisco’s economy is stronger and moving toward economic recovery.
By working together with business, labor and our communities, we have made sure that City government continues on a course of fiscal responsibility while our policies of promoting the City as an attractive place for businesses to start, stay and grow and a place that remains an attractive destination for tourists from around the world are seeing results.
With better than anticipated revenues from the our thriving tourism industry, payroll tax and business registrations and commercial real estate transactions, San Francisco’s economy is showing significant growth. And, my 17-point economic plan will continue to lay out the framework for continued economic recovery.
However, this doesn’t mean we do not have tough choices ahead. There are still projected deficits and we must remain committed to solving our City’s fiscal challenges through long term financial planning, two-year budgeting and smart good government policies. But, we are on our way to fixing the structural imbalance in our City’s budget and protecting our future economic growth.
Now more than ever, we are committed to more effectively leveraging and deploying City resources and services in a smart, innovative, efficient, and responsive manner to address the needs of our residents.”
“The Joint Report is yet again more good news for our City, showing that San Francisco’s economy is stronger and moving toward economic recovery.
By working together with business, labor and our communities, we have made sure that City government continues on a course of fiscal responsibility while our policies of promoting the City as an attractive place for businesses to start, stay and grow and a place that remains an attractive destination for tourists from around the world are seeing results.
With better than anticipated revenues from the our thriving tourism industry, payroll tax and business registrations and commercial real estate transactions, San Francisco’s economy is showing significant growth. And, my 17-point economic plan will continue to lay out the framework for continued economic recovery.
However, this doesn’t mean we do not have tough choices ahead. There are still projected deficits and we must remain committed to solving our City’s fiscal challenges through long term financial planning, two-year budgeting and smart good government policies. But, we are on our way to fixing the structural imbalance in our City’s budget and protecting our future economic growth.
Now more than ever, we are committed to more effectively leveraging and deploying City resources and services in a smart, innovative, efficient, and responsive manner to address the needs of our residents.”