SF Mayor London Breed Signs $14.6B Budget for Next Two Years

San Francisco Mayor London Breed signed a $14.6 billion budget on Wednesday, July 26, 2023, at City Hall. The budget emphasizes the need for economic recovery and fiscal accountability, and includes funding for a variety of programs and initiatives.

The budget was approved by the Board of Supervisors and includes funding for the 2023-24 fiscal year. Here’s what the budget prioritizes:

  • Homelessness: The budget includes $1.2 billion in funding to cut unsheltered homelessness in half over the next five years. This includes funding for more shelter beds, permanent housing, and behavioral health services.
  • Public safety: The budget makes room for 220 more police officers over the next two years, as well as increased funding for alternatives to policing.
  • Education: The budget provides a 5% increase in funding for the San Francisco Unified School District.
  • Public transportation: The budget includes funding for new affordable housing units and investments in renewable energy.

One of the major goals of the budget is to cut unsheltered homelessness in half over the next five years. The budget funds the city’s strategic homeless plan, which includes providing more shelter beds, permanent housing, and behavioral health services. The budget also makes room for 220 more police officers over the next two years, as well as increased funding for alternatives to policing.

In addition to homelessness and public safety, the budget also includes funding for education, public transportation, and climate change mitigation. The budget provides a 5% increase in funding for the San Francisco Unified School District, and also includes funding for new affordable housing units and investments in renewable energy.

Overall, the budget is a positive step for San Francisco, and it is expected to have a positive impact on the city’s future. However, the city will need to address the challenges that it faces in order to ensure that the budget is successful.