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

“We’re in a tough spot. It gets worse should we take no corrective action in the coming years,” said Anna Duning, budget director for the mayor’s office.

San Francisco City Hall on Feb. 22, 2023. John Fredricks/The Epoch Times

With crime trends and a change in work patterns negatively affecting San Francisco, revenue shortfalls are weighing on city plans, with some outlooks suggesting that 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.