Two-Year Budget Proposal for Seven Enterprise Departments Creates
More Than 8,700 Jobs & Infuses $1.3 Billion into Local Economy Through Capital Projects
Mayor Edwin M. Lee today presented his proposed two-year balanced budget for seven City departments totaling $5.2 billion. The May 1st budget focuses on enterprise departments or agencies within City government that generate revenue.
“This May 1st budget focuses on putting San Franciscans back to work, investing in our City’s infrastructure and keeping San Francisco safe, solvent and successful,” said Mayor Lee. “By creating thousands of jobs, seismically strengthening our water system, improving our Airport terminals and runways, investing in Muni maintenance and upgrading our piers, we are ensuring that San Francisco will have a secure economic future. This budget proposal, and this year’s budget process, reflects my commitment to innovate to solve our City’s challenges, involve the public, and invest in our capital assets and workforce.”
The City departments included in this May 1st proposed budget are critical to the short-term and long-term economic health of the City. These enterprise departments include:
• Board of Appeals
• Municipal Transportation Agency (MTA)
• Public Utilities Commission (PUC)
• Rent Arbitration Board
This May 1st proposal is an important step toward crafting a balanced citywide budget for the upcoming years. By June 1st, the Mayor must propose a citywide budget that closes the $170 million General Fund budget shortfall in Fiscal Year (FY) 2012-13, and a $312 million General Fund shortfall in FY 2013-14. This budget reflects the City’s third year of two-year budgeting for our largest enterprise departments, and the first year that Airport, PUC, Port and MTA will all move forward with a fixed two-year budget.
Innovation. Cities like San Francisco thrive because of their ability to cultivate innovative ideas. This is why Mayor Lee has reached out across the City’s departments and communities to find innovative ways to bring costs down while allowing the City to continue providing the essential services that keep neighborhoods and diverse communities moving in the right direction.
Involvement. Mayor Lee recognizes that achievements as a City are founded in commitment to hear directly from residents, communities and neighborhood organizations about what matters most to them. This is why Mayor Lee co-hosted six district-based budget town halls with all of the members of the Board of Supervisors, met with numerous stakeholders and will continue to work for greater transparency around the budget process.
Investment. By choosing to live, work, and play in San Francisco, we are all investing in the City. The May 1st proposed budget reflects our City’s significant capital investments over the coming years. Over the next two years, for example, the PUC proposes spending $71.5 million to maintain and improve the water, wastewater and power resources for the City. In addition, the budget includes implementation of the San Francisco International Airport’s 10-year $206 million investment in the development of the Runway Safety Area Plan. The Port of San Francisco will continue to invest in our waterfront piers and facilities, including the Cruise Terminal project at Pier 27. These investments will provide much-needed jobs for San Francisco residents as the City works to emerge from the economic downturn. Over the next two years, these departments will support more than 8,700 jobs in San Francisco by infusing $1.3 billion into the local economy through capital projects.
Click here to view: Mayor’s proposed May 1st Balanced Budget