Mayor Lee’s Statement on Controller’s Six-Month Budget Status Report
Mayor Edwin M. Lee today issued the following statement regarding the Controller’s Six Month Budget Status Report showing increased revenue projections:
“The Controller’s Six Month Report today clearly demonstrates that San Francisco's economy is moving in the right direction. With better than anticipated revenues from payroll tax to business registrations, to commercial real estate transactions and even improvements to our already thriving tourism industry, my economic development and job creation policies are setting San Francisco on a path toward economic recovery.
While I am excited to learn that key indicators in San Francisco’s economy are showing growth, we must remember that our focus on long term financial planning, two-year budgeting and smart, good government policies are still critical to fixing the structural imbalance in our City’s budget and protecting our future economic growth.”