Monday, November 30, 2009
Government at Work - in San Francisco - liberal management
It will be interesting to see how the country's most liberal city in the country's most liberal state gets out of this predicament.
Then again, we have the most left-leaning president ever.
Can you smell higher taxes or maybe even more bailouts? I can...
Then again, we have the most left-leaning president ever.
Can you smell higher taxes or maybe even more bailouts? I can...
Heather Knight reports for the San Francisco Chronicle:
"A report released Monday by the controller's office shows that property tax revenues will likely be $35 million less than anticipated in the 2009-10 fiscal year that began July 1. Payroll tax revenues will probably be $24.8 million less than expected, the report said.
To make matters worse, some city departments are going over budget, including shortfalls of $5.1 million in the Fire Department, $4 million in the Sheriff's Department and $3.2 million in Superior Court.
This year's $6.6 billion budget bridged a $438 million gap and included a $25 million cushion for unexpected revenue loss. But that's proving not enough to make up for the missing dollars, meaning San Francisco is now expected to be in the red by an additional $28.1 million over the course of this year."