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May 27, 2026 09:34

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SF Budget Cuts: Guide to $16B Plan

San Francisco, politics, economy, money, taxes, City and County of San Francisco, San Francisco County, Money

San Francisco is facing a $607 million deficit, and Mayor Daniel Lurie's proposed budget outlines cuts and strategies to balance the books. - The city's total budget is $16 billion, with cuts targeting a fraction of that.

- Federal funding has become unpredictable, dropping 53% this year after a spike. - Hiring freezes have saved $83 million, and a proposed CEO tax could raise $300 million annually.

- The budget season is ongoing, with further adjustments expected.

This story was originally reported by missionlocal. Read the original article here.

Summarized by CaliforniaToday AI.

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San FranciscopoliticseconomymoneytaxesCity and County of San FranciscoSan Francisco CountyMoney
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