San Francisco Faces $3 Billion Deficit Over Next 4 Years, but Still Gives Raises

The city of San Francisco is projecting a cumulative $3 billion deficit in its general fund from 2024-25 through 2027-28. The city agreed to raises in union contracts shortly after those projections that resulted in salary and benefits costs that were greater that those used to project the deficits. Mayor London Breed’s proposed budget for 2024-25 and 2025-26 was included in the June 21 agenda for the city’s Budget and Appropriations Committee. The final budget will be voted on Aug. 1.