City Budget: Mayor Lee Presents Proposed May 1st Balanced Budget
Mayor Edwin M. Lee today presented his proposed balanced budget for seven City departments (the Airport, Port, Public Utilities Commission, Municipal Transportation Agency, Child Support Services, Retirement System and Public Library), totaling $5.9 billion over the next two years. The May 1st budget includes enterprise and other self-supporting departments. The proposed capital projects deliver more than $4 billion into the local economy and support over 36,000 local jobs.
“We have opportunity to protect and continue our economic recovery while at the same time improve our City’s infrastructure for generations to come,”said Mayor Lee. “As we invest in and strengthen our transportation, waterfront and water system infrastructure, we are also putting our residents back to work. We will ensure that San Francisco remains an economic engine for the region and is a City that people from all levels of the economic spectrum can call home.” Read more.