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About half of the budget goes immediately to enterprise departments. Things like SFO, MTA, and the Port of San Fran. Another quarter goes directly to prop-app
by hurricanetc 7y ago
About half of the budget goes immediately to enterprise departments. Things like SFO, MTA, and the Port of San Fran. Another quarter goes directly to prop-approved set-asides for things such as libraries and Medi-Cal. Then some other large chunk goes to jails, courts, and hospitals. Then there is payroll for the 30,000+ city employees.
Not to mention San Francisco has a massive pension liability in excess of $6 billion. The city really is bankrupt.
And during the longest economic expansion in US history the city has done virtually nothing to shore up its finances. Not like San Fran is alone in that regard.
- dilap 7y agoStill, absolute budget seems huge, to me. So if police and social services really are starved (are they?), it's a problem of allocation rather than absolute revenue (as implied by GP w/ reference to prop 13).
- hurricanetc 7y agoIt is a massive budget. The residents just keep passing ballot initiatives and spending. For comparison NYC has a budget per resident of ~$9,500. But don't let that fool you into think NYC has it figured out. The city is nearly $200 billion in debt and will probably go bankrupt if there is another big recession.
- deleted 7y ago[deleted]