By Raven : sfnews – excerpt
SAN FRANCISCO—On Tuesday, November 10, the San Francisco City Controller’s Office projected a $116 million shortfall due to economic impacts as a result of the Coronavirus pandemic.
According to the report, the Citywide General Fund revenue is projected to decline by $143.5 million. City Controller Ben Rosenfield cites a slower re-opening and increase in telecommuting as a concern for the city’s budget.
“If the level of telecommuting returned to its pre-Covid levels at the beginning of Fiscal Year 2020-21, our projections for business would be about $190 million higher than our current projections,” Rosenfield said…(more)
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