San Francisco Mayor Orders City Departments to Propose More Than $200 Million in Cuts to Reverse Doom Loop
Is a moment of financial reckoning coming to the city of San Francisco?
Mayor London Breed is ordering city departments to propose cuts totaling more than $200 million. As the famous saying goes, something that can’t go on forever won’t.
Retail outlets are fleeing the city and some real estate is losing value at an alarming rate. Imagine what Mayor Breed has seen in terms of the city’s financial outlook. It must be horrifying.
The Daily Mail reports:
EXCLUSIVE San Francisco mayor orders police, health and other departments to propose cuts of $206 MILLION in desperate attempt to reverse city’s ‘doom loop’ spiral into economic collapse
San Francisco’s mayor has ordered city departments including police and public health to propose budget cuts of $206 million by next week in a desperate attempt to reverse the stricken city’s ‘doom loop’ spiral into economic collapse.
