SF News State of California Now Running a Record $68 Billion Deficit Those extended tax deadlines are having a big unintended consequence for the state of California’s budget, as miscalculations over how much tax revenue was coming have led to a much larger deficit than than the state thought it was running, now an all-time high of $68 billion.
SF News BART’s Answer to Its Financial Woes Is Putting More Police on Trains and Giving Officers Major Raises A new agreement for BART police officers gives them substantial pay bumps of 20% and mandates at least half of the transit police department's officers patrol trains, amid the transit system's fiscal deficit.
SF News Some Analysts Wonder If California Economy Is Barreling Into Recession A combination of inflation, high interest rates, and tech layoffs have some economists worried that a nasty California recession is brewing, though the downturn may be limited to commercial real estate landlords and people who made bank during the pandemic.
SF News Berkeley Poised to Close Famed Anthropology Library, Angry Students In Full ‘Occupy’ Mode UC Berkeley’s 67-year-old George and Mary Foster Anthropology Library is one of only three university anthropology libraries in the U.S., but the school wants to shut it down, prompting an Occupy-style student protest.
SF Politics Deficit Times Again? Mayor Breed Says SF Looking At $728 Million Budget Shortfall SF has gone from a $650 million deficit, to a $108 million surplus, and now back to a $728 million deficit, all in less than two years, and Mayor Breed is ordering department heads to slash their budgets ASAP.
SF News Bay Area Transit Planners Fret Over ’Doomsday Scenario’ of Service Cuts Amidst Plummeting Ridership The possibility of “No weekend BART, bus lines cancelled” looms for BART, Muni, Caltrain and the ferries, according to a new report detailing these transit agencies’ plans for dealing with the “death spiral” of a looming fiscal cliff.
SF Politics Supervisors Pass Budget That Will Supposedly Eliminate $1.5 Billion Deficit The supes pretty much gave Mayor Breed what she wanted in a near-unanimous vote, the only difference being that the Board dips into the rainy day fund to give city employees raises.
SF Politics Breed’s New Budget Defunds Police by $120 Million to Cut $1.5 Billion Deficit SFPD and the sheriff’s department get defunded by the tune of $120 million in Mayor Breed’s just-announced, $26 billion two-year budget.
SF News Is Jerry Going to Kill Off Redevelopment to Save Education? No doubt, Jerry Brown's got big problems to work out in Sacramento to deal with the state's $28 billion dollar deficit. But word on the street is that he's contemplating ending redevelopment, the
SF News Muni to Reinstate 61 Percent of Previous Service Cuts Your super crowded and sporadic bus line just might get closer to the way it was before those nasty service cuts took place in May. (Unless the whole line was cut, of course.
