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A city with an $8.96 billion budget should be able to

June 8, 2015

By Heather Knight : sfchronicle – excerpt

It may not seem like it when you’re doing a two-step down city streets to avoid piles of trash, cigarette butts and even less savory detritus, but San Francisco spends more money every year than at least 10 states, including Iowa and Maine.

Mayor Ed Lee last week unveiled his new two-year budget plan, and he might as well have had that old song “Hey, Big Spender” playing in the background.

For the first time ever, the city’s annual budget is projected to hit $9 billion, for the 2016-17 fiscal year. Well, $8.96 billion, but what’s $40 million among friends? The budget for the fiscal year starting July 1 is projected at $8.91 billion…

Christine Falvey, the mayor’s spokeswoman, said the biggest increases in revenue have come from the transfer tax on sales of commercial real estate and from increased property taxes… (more)

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