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Published on May 31, 2012
Mayor Edwin M. Lee today presented his proposed two-year balanced budget for Fiscal Years 2012-13 and 2013-14. The City's first Two-Year Budget closed a projected $263 million General Fund deficit for the coming Fiscal Year 2012-13 and $375 million deficit for Fiscal Year 2013-14. The Mayor's proposed balance budget is the result of hard work and collaboration by the City's elected officials, residents, departments, community organizations, employees and a wide range of other stakeholders.