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Message from the City Controller:

According to a chart I put together, the City expects to only lose about $9M (~1%) in General Fund Revenue from loss of property taxes.

This, despite the fact that SF housing prices have slipped 31% in the last year. I guess they expect that no one will move or be foreclosed on.

Maybe we should tighten our budgets a bit more…

Update (As of 6:57pm PST):
I should add that the SF Board of Sups canceled their “Budget & Finance Committee” meeting today owing to lack of things to talk about. It’s within the rules, of course, but…

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Just asking…

It looks like the SF Board of Supervisors Budget & Finance Committee meeting was canceled today. anyone know why?

I’m off to read the budget now. Exciting stuff!

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