San Francisco’s Looming Budget Deficit Could Exceed $1.3 Billion

With crime trends and a change in work patterns negatively impacting San Francisco, revenue shortfalls are weighing on city plans, with some outlooks suggesting the city’s current budget problem will continue to grow. The city estimates a $245 million deficit in fiscal year 2024-25, expanding to $554 million in the next year and totaling $1.35 billion by fiscal year 2027-28, due to a disconnect between revenue and increased spending. “We’re in a tough spot,” Anna Duning, budget director for the mayor’s office, said during a Board of Supervisors Budget Committee hearing Jan. 17. “It gets worse should we take no corrective action in the coming years.”...