Mayor Breed Leaving an $876 Million Deficit on Her Way Out the Door, and It Could Top $1 Billion

"The city's budget deficit has now swelled to $876 million, an additional $87 million in red ink compared to just four months ago, highlighting severe financial challenges for San Francisco."

"Daniel Lurie’s challenge as the incoming mayor will be significant, with estimates showing that turning around such a deficit is akin to 'turning a battleship or an aircraft carrier.'"

"Despite the deficit, some aspects of the city's infrastructure, like the cherished cable cars, are seen as untouchable, as they play an integral role in both history and tourism, critical for recovery."

"While the incoming mayor, Lurie, has promised not to eliminate the cable cars, he remains vague on specific strategies to address the city’s mounting budget challenges."

Read at sfist.com