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City Budget: Mayor Signs 2016-18 Balanced Budget

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WASHINGTON – (RealEstateRama) — Mayor Edwin M. Lee today signed the City’s two-year balanced budget for Fiscal Years 2016-17 and 2017-18. To deliver this two-year consensus budget proposal, Mayor Lee worked with the Board of Supervisors and heard directly from residents and community leaders throughout the City, by meeting with residents, nonprofit organizations, City Commissioners, labor, business owners, and advocates to discuss priorities and address concerns including homelessness, quality of life, police reform, violence prevention and public safety.

“Today San Francisco is in the strongest financial position in our City’s history, allowing us to make significant investments that will improve the quality of life for all City residents. From increased library hours to greater expenditures on homelessness, housing and transit as well as dedicated dollars to police reform, we are making our City stronger by addressing challenges that impact our residents on a daily basis,” said Mayor Lee. “I thank Budget and Finance Committee Chair Supervisor Mark Farrell and the other members of that committee for leading this process, as well as the entire Board of Supervisors for approving this responsible balanced budget. City government plays an important role in making the lives of all residents better, and we are using this time of prosperity to invest in all San Franciscans and protect against future economic uncertainty.”

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