SAN FRANCISCO (KCBS) — San Francisco Mayor Ed Lee unveiled his new budget Thursday, claiming the city’s economy is recovering and that it’s experiencing better tax revenues than expected.

Lee said the city’s projected $170 million deficit has been eliminated and brighter days are ahead.

“I’m happy to report that I’m presenting a responsible and balanced two-year budget where we spare the city the deep cuts that we’ve experienced over the last several years,” Lee said.

KCBS’ Susan Kennedy Reports:

His proposed budget includes restoring funds cut by the federal government for HIV/AIDS services, redirecting $6 million in rainy day funds to cover state cuts in education and no cuts in health and human services.

Lee’s budget includes a six-year hiring plan for the police and fire departments, which he announced earlier this week.

In addition, the mayor’s proposal calls for investing in the redevelopment of the Bayview District, the Mid-Market area and 6th Street.

It also marks the first time the city has had a two-year budget.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)


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