SAN FRANCISCO (KCBS) — With Congress and The White House less than a week away from careening over what has been dubbed the “fiscal cliff,” San Francisco Mayor Ed Lee is weighing in on what the plunge may mean locally.
“We’re close enough. We ought to get it done. There really are no excuses,” said Lee, hoping that a deal is made in time.
He claimed $30 million would be the first local blow. “That’s just an immediate hit,” he said. “Long-lasting hits are cuts to programs such as AIDS funding. Medical funding is going to be the biggest hit,” Lee explained.
Lee said San Francisco anticipates a $129 million deficit next year, but if federal dollars are lost, that number could swell and force the mayor and his budget team to dip into reserve funds.