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  Mayor: $5.7 Billion Budget Proposal

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                    Financial

                        2006 (1)
                        2005 (2)
                        2004 (6)
                        2003 (4)
                        2002 (10)

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Moody's raises city's debt rating


August 2008 ... more > Top ^

Aug. 7
  Moody's Investor Service raise SF general obligation debt rating for the first time in 11 years, based largely on increase in the value of property



year 2006 Top ^

May.31
  The proposal includes historic amounts of spending in public safety and programs for children and families


year 2005 Top ^

May.31 Budget Calls for $283 Million Increase
  Mayor Newsom unveiled his budget proposal for the coming fiscal year Mar.5   Mayor Warns of Looming Deficit
  Gavin Newsom says the budget is $113 million dollars short and that could balloon to $190 million


year 2004 Top ^

Bay Area Might Be Stuck with Bridge Bill Aug.6   Mayor signed a $5 billion city budget
  Gavin Newsom is closing a $307 million budget deficit, the largest the city has ever had Mar.28   54% jump in payroll costs under Brown  Projected $352 million budget shortfall can be traced in part to a jump in city payroll costs under Mayor Willie Brown Feb.21 City gets $300,000 in gay-marriage fees  San Francisco is likely to spend at least that much fighting in court to defend its challenge to California laws Feb.3   Mayor to create credit for working poor  Gavin Newsom hopes to boost enrollment in an underutilized federal program for low-income workers Jan.27 Newsom to seek higher taxes
  New Mayor told business leaders a budget deficit that may exceed $300 million may give him little choice but


year 2003 Top ^

Jul.15 Supervisors approved budget
  Budget includes $100 million in cuts compared to last year's budget Jun.2 Budget averts early dire predictions  A new city budget closed a $347 million deficit through labor concessions, cuts in services and fee increases May.29 Rainy Day Fund  A candidate for a mayor Tom Ammiano introduced legislation that would create a hard-times reserve Apr.9 SF Gets Millions for Terrorism Prevention  The federal government will give 7 major U.S. cities millions of dollars to combat terrorism

year 2002 Top ^

Dec.19 Projected budget deficit topped $200M
  Officials were expecting a $170 million local shortfall. The state's $35 billion cash crunch will increase the damage Dec.10 Financial privacy protections voted  City supervisors voted 8-1 to install new financial privacy protections for city consumers Aug.9   Mayor signed $4.9 billion budget  Mayor said the budget was created without adversely impacting city services or resulting in employee layoffs Jul.23 $40m contract for wastewater treatment  SFO: Commissioners meeting at City Hall approved a replacement of 30-year-old facilities WorldCom in accounting trouble, cut jobs Measure to oversight of SFO spending  Measure allows the airport to return to the full board sometime down the road to ask for more money to study runway options Jun.20 Mayor's proposed budget protested  The lowest paid city employees claim unfairly shift the weight of the revenue shortfall Jun.16 Funds cut for urban forestry  The city -- which faces a $175 million shortfall -- has chopped funding for Friends of the Urban Forest and Tree Corps Jun.3   4.9 billion budget proposal
  The proposal by Mayor Willie Brown is down $380 million from last year. There are plans to cut the jobs of 61 city workers
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