Loading video...

Video Failed to Load

Go Home

During this weeks Senate budget debate, State Senator Patricia Jehlen called Massachusetts’ new $63.4 BILLION state budget an "austerity budget." Let that sink in. The budget grew roughly 4% over last year and nearly 60% over the last decade, yet Beacon Hill politicians still act like government is being...

MassFiscal's profile picture

Massachusetts Fiscal Alliance

16,601 subscribers

18,475 views • 3 months ago •via X (Twitter)

News & PoliticsFinance
LIVE

Anya Rossi• Live Now

Private livecam show

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

As the #Massachusetts Senate gets into budget week on Beacon Hill, I asked Senate President Karen Spilka if the Legislature dwindling amount of local state aid, which has forced cities and towns into property tax hikes or Proposition 2 1/2 override votes. Spilka instead blames federal funding cuts by the #Trump administration. I also asked her if the Legislature is spending too much on pet projects and the state’s costly climate mandate. She says that was too general of a question to answer. #Massachusstts #Spilka #Budget #politics #mapoli
1:10

As the #Massachusetts Senate gets into budget week on Beacon Hill, I asked Senate President Karen Spilka if the Legislature dwindling amount of local state aid, which has forced cities and towns into property tax hikes or Proposition 2 1/2 override votes. Spilka instead blames federal funding cuts by the #Trump administration. I also asked her if the Legislature is spending too much on pet projects and the state’s costly climate mandate. She says that was too general of a question to answer. #Massachusstts #Spilka #Budget #politics #mapoli

Tim Dunn

17,432 views • 3 months ago

💥The Taxpayers Get Screwed Once Again In Illinois! Senator Andrew Chesney speaks in disgust on the budget bill as Democrats once again pass record spending while the taxpayers sleep. At 3AM, the Senate passed this coming year's state budget with $800Million+ in tax and fee increases. This marks 7 years in a row of JB Pritzker raising taxes on working families - with this budget bringing the total number of tax increases under Pritzker to OVER 60! Have the people had enough yet?!?! Mary Miller State Freedom Caucus Network IL Republican Party
2:58

💥The Taxpayers Get Screwed Once Again In Illinois! Senator Andrew Chesney speaks in disgust on the budget bill as Democrats once again pass record spending while the taxpayers sleep. At 3AM, the Senate passed this coming year's state budget with $800Million+ in tax and fee increases. This marks 7 years in a row of JB Pritzker raising taxes on working families - with this budget bringing the total number of tax increases under Pritzker to OVER 60! Have the people had enough yet?!?! Mary Miller State Freedom Caucus Network IL Republican Party

Illinois Freedom Caucus 🇺🇸

34,486 views • 3 months ago

After Gov. Bob Ferguson promised to not raise taxes last year, Olympia Democrats voted to shut the public out of the budget process, and then passed the LARGEST TAX INCREASE & spending spree in state history. In late 2025, Gov. Ferguson said he didn't want to raise taxes again, but then came out in support of an income tax not long after. Be mindful of these budget gimmicks. #tbt March 29, 2025 -Right after Olympia Democrats voted to shut the public out of the budget process: Sen. Keith Wagoner slams Legislative Democrats' budget process, calling it irresponsible. He highlights concerns over closed-door negotiations, severe lack of public transparency, and no opportunities for open debate or amendments. Government should be open and transparent for everyone. #UnaccountableWA #GovernmentGreed #AntiTransparency #waleg
0:58

After Gov. Bob Ferguson promised to not raise taxes last year, Olympia Democrats voted to shut the public out of the budget process, and then passed the LARGEST TAX INCREASE & spending spree in state history. In late 2025, Gov. Ferguson said he didn't want to raise taxes again, but then came out in support of an income tax not long after. Be mindful of these budget gimmicks. #tbt March 29, 2025 -Right after Olympia Democrats voted to shut the public out of the budget process: Sen. Keith Wagoner slams Legislative Democrats' budget process, calling it irresponsible. He highlights concerns over closed-door negotiations, severe lack of public transparency, and no opportunities for open debate or amendments. Government should be open and transparent for everyone. #UnaccountableWA #GovernmentGreed #AntiTransparency #waleg

WA Senate Republicans

29,425 views • 7 months ago

After Gov. Ferguson promised to not raise taxes this year, Olympia Democrats voted to shut the public out of the budget process, and then passed the LARGEST TAX INCREASE & spending spree in state history. Now, going into next year, Gov. Ferguson said he doesn't want to raise taxes again. Be mindful of these budget gimmicks. #tbt Ten Days After Olympia Democrats voted to shut the public out of the budget process: Sen. Keith Wagoner slams Legislative Democrats' budget process, calling it irresponsible. He highlights concerns over closed-door negotiations, severe lack of public transparency, and no opportunities for open debate or amendments. Government should be open and transparent for everyone. #UnaccountableWA #GovernmentGreed #AntiTransparency #waleg
0:58

After Gov. Ferguson promised to not raise taxes this year, Olympia Democrats voted to shut the public out of the budget process, and then passed the LARGEST TAX INCREASE & spending spree in state history. Now, going into next year, Gov. Ferguson said he doesn't want to raise taxes again. Be mindful of these budget gimmicks. #tbt Ten Days After Olympia Democrats voted to shut the public out of the budget process: Sen. Keith Wagoner slams Legislative Democrats' budget process, calling it irresponsible. He highlights concerns over closed-door negotiations, severe lack of public transparency, and no opportunities for open debate or amendments. Government should be open and transparent for everyone. #UnaccountableWA #GovernmentGreed #AntiTransparency #waleg

WA Senate Republicans

43,289 views • 8 months ago

🚨 NEW YORK’S $260 BILLION BUDGET DISASTER New York just proposed a $260 billion budget — that’s over $100 billion more than the average of the past 10 years. And guess what? Everyday New Yorkers are seeing almost zero benefit. Instead of fixing failing schools, crushing crime, or properly funding the police, this massive spending spree looks like nothing more than a desperate attempt to paper over years of financial mismanagement and Democrat incompetence. High taxes. Skyrocketing costs. More waste. The result? More New Yorkers are packing up and leaving the state in droves.
4:06

🚨 NEW YORK’S $260 BILLION BUDGET DISASTER New York just proposed a $260 billion budget — that’s over $100 billion more than the average of the past 10 years. And guess what? Everyday New Yorkers are seeing almost zero benefit. Instead of fixing failing schools, crushing crime, or properly funding the police, this massive spending spree looks like nothing more than a desperate attempt to paper over years of financial mismanagement and Democrat incompetence. High taxes. Skyrocketing costs. More waste. The result? More New Yorkers are packing up and leaving the state in droves.

Gunther Eagleman™

121,600 views • 4 months ago

.David Sacks: Here the question that people are not asking: why does the state of California need so much money? It's got a $350 billion budget. The budget has doubled over the last decade, 2.5 times the rate of inflation. And we know that there is a huge amount of fraud going on in the budget that no one has even scratched the surface of. Newsom has vetoed audits that would get to the bottom of some of that fraud. Why would you ever do that? We need audits. Before you propose new and unprecedented taxes, I think you have an obligation to taxpayers to make sure that their money is being well spent. The first place to look is with all this fraud. We've seen it in Minnesota. We all know the fraud is there. Root that out first before you go back to taxpayers for more and drive job creators out of the state.
1:26

.David Sacks: Here the question that people are not asking: why does the state of California need so much money? It's got a $350 billion budget. The budget has doubled over the last decade, 2.5 times the rate of inflation. And we know that there is a huge amount of fraud going on in the budget that no one has even scratched the surface of. Newsom has vetoed audits that would get to the bottom of some of that fraud. Why would you ever do that? We need audits. Before you propose new and unprecedented taxes, I think you have an obligation to taxpayers to make sure that their money is being well spent. The first place to look is with all this fraud. We've seen it in Minnesota. We all know the fraud is there. Root that out first before you go back to taxpayers for more and drive job creators out of the state.

Breitbart News

167,843 views • 7 months ago

🚨 WOW! Gov. Ron DeSantis just said after his upcoming vetoes, Florida will have REDUCED state spending for 4 years in a row... ...and nearly HALF of ALL state debt has been paid off since 2019 🔥 "Our budget, even though we have MILLIONS of more people than New York State, New York's budget is more than TWICE the size of Florida's budget, and people can ask, where's all that money going?" "And in fact, I'm going to be dealing with our current, our next fiscal year budget. And once I do my vetoes, I will be able to say that we have actually at the state level in Florida reduced spending four years in a row." "Now that's foreign to some of those blue states, but they're quite frankly, aren't very many jurisdictions that are doing it. So we're proud of that. We obviously have a very light tax at the state level, but the one thing that's been tough for people is the property tax." And now property taxes will be largely removed. LFG ☀️
0:41

🚨 WOW! Gov. Ron DeSantis just said after his upcoming vetoes, Florida will have REDUCED state spending for 4 years in a row... ...and nearly HALF of ALL state debt has been paid off since 2019 🔥 "Our budget, even though we have MILLIONS of more people than New York State, New York's budget is more than TWICE the size of Florida's budget, and people can ask, where's all that money going?" "And in fact, I'm going to be dealing with our current, our next fiscal year budget. And once I do my vetoes, I will be able to say that we have actually at the state level in Florida reduced spending four years in a row." "Now that's foreign to some of those blue states, but they're quite frankly, aren't very many jurisdictions that are doing it. So we're proud of that. We obviously have a very light tax at the state level, but the one thing that's been tough for people is the property tax." And now property taxes will be largely removed. LFG ☀️

Eric Daugherty

211,491 views • 3 months ago

“New net zero spending measures Table 3.9 sets out $12.3 billion in new net zero spending commitments over the forward estimates period and $18.2 billion over the medium term, across the 2025-26 MYEFO and this Budget. This follows net zero spending commitments of $6.9 billion (over the medium term) reported in the 2025-26 Budget, $24.3 billion (over the medium term) in the 2024-25 Budget, climate-related spending of $4.6 billion (to 2030) committed in the 2023-24 Budget and $24.9 billion (to 2030) committed in the October 2022-23 Budget.” •••••••••••••••••• Don’t be fooled by last nights budget reply where Angus Taylor said he would index the lower tax brackets. It’s too little too late. The lower tax bracket needs to be removed full stop. It’s absurd that people are taxed below the cost of living. is the only party that has committed to do this and identified the savings to fund it. Indexing the lower bracket of $18,200 by 4% will lift it by a measly $728. Applying next years tax rate of 14 cents, that will save you $102. This is no where near enough to adjust for 4% inflation on the poverty line of $45,000 which is $1,800. If he was serious about cutting taxes, Taylor should have cut spending much harder. There’s at least $10 billion every year wasted on net zero and $10 billion on bureaucrats gold plated pension scheme to name just a few. These are just two of the many programs People First will slash to cut income tax by $4,000 per annum. We will also crack down of offshore profit shifting to cut taxes even further.
1:42

“New net zero spending measures Table 3.9 sets out $12.3 billion in new net zero spending commitments over the forward estimates period and $18.2 billion over the medium term, across the 2025-26 MYEFO and this Budget. This follows net zero spending commitments of $6.9 billion (over the medium term) reported in the 2025-26 Budget, $24.3 billion (over the medium term) in the 2024-25 Budget, climate-related spending of $4.6 billion (to 2030) committed in the 2023-24 Budget and $24.9 billion (to 2030) committed in the October 2022-23 Budget.” •••••••••••••••••• Don’t be fooled by last nights budget reply where Angus Taylor said he would index the lower tax brackets. It’s too little too late. The lower tax bracket needs to be removed full stop. It’s absurd that people are taxed below the cost of living. is the only party that has committed to do this and identified the savings to fund it. Indexing the lower bracket of $18,200 by 4% will lift it by a measly $728. Applying next years tax rate of 14 cents, that will save you $102. This is no where near enough to adjust for 4% inflation on the poverty line of $45,000 which is $1,800. If he was serious about cutting taxes, Taylor should have cut spending much harder. There’s at least $10 billion every year wasted on net zero and $10 billion on bureaucrats gold plated pension scheme to name just a few. These are just two of the many programs People First will slash to cut income tax by $4,000 per annum. We will also crack down of offshore profit shifting to cut taxes even further.

Gerard Rennick

12,555 views • 3 months ago

$14 BILLION in NEW taxes. That’s what Democrats want to extract from Californians in this year’s budget - a budget that has doubled in size in just 10 years. To pay for all the new spending, they want to tax your healthcare. Your phone. Your computer. Your software. And while they’re at it, they’re cutting middle class scholarships and business tax credits. Californians are being priced out of their own state and now they want more. I voted NO.
0:48

$14 BILLION in NEW taxes. That’s what Democrats want to extract from Californians in this year’s budget - a budget that has doubled in size in just 10 years. To pay for all the new spending, they want to tax your healthcare. Your phone. Your computer. Your software. And while they’re at it, they’re cutting middle class scholarships and business tax credits. Californians are being priced out of their own state and now they want more. I voted NO.

Senator Suzette Valladares

44,422 views • 2 months ago

🚨 JUST IN: Gov. Ron DeSantis confirmed that after he finalizes the new budget, the red state of Florida will have SLASHED SPENDING for 4 YEARS STRAIGHT… …Florida will have a budget less than HALF the size of New York, despite being similar in population …and the state rainy day fund WILL BE 100% FULL and more than 3X THE SIZE from 7 years ago FLORIDA CRUSHES IT AGAIN! 🇺🇸 ☀️ All with NO INCOME TAX and impending slashing of property taxes. Imagine that.
1:46

🚨 JUST IN: Gov. Ron DeSantis confirmed that after he finalizes the new budget, the red state of Florida will have SLASHED SPENDING for 4 YEARS STRAIGHT… …Florida will have a budget less than HALF the size of New York, despite being similar in population …and the state rainy day fund WILL BE 100% FULL and more than 3X THE SIZE from 7 years ago FLORIDA CRUSHES IT AGAIN! 🇺🇸 ☀️ All with NO INCOME TAX and impending slashing of property taxes. Imagine that.

Eric Daugherty

1,971,383 views • 2 months ago

Homeowners face an average 5.5% tax increase next year—and for condo owners, it’s an even steeper 10.5%. I couldn’t support another increase in taxes. Instead of delivering real relief for families and businesses, the budget approved by the majority of #yyccc yesterday prioritizes bureaucracy over solutions. Alongside four of my colleagues, I brought forward several amendments to cut unnecessary spending—like reducing the $6.5M executive leadership budget and holding senior management accountable for extravagant travel expenses. Unfortunately, these were rejected. Calgarians deserve transparency. To fix this broken process, I proposed re-establishing the Finance and Budget Committee to ensure every dollar is accounted for and scrutinized. Again, the majority of this Council didn't want to roll up their sleeves and do this work. While I supported funding to keep the Inglewood Pool open, waiving patio fees for small businesses, and investing in critical services like public safety and infrastructure, Calgarians still want The City to do more with less while The City does less with more. I’ll continue fighting for responsible spending and transparent leadership. Calgarians deserve better. This isn’t over.
1:25

Homeowners face an average 5.5% tax increase next year—and for condo owners, it’s an even steeper 10.5%. I couldn’t support another increase in taxes. Instead of delivering real relief for families and businesses, the budget approved by the majority of #yyccc yesterday prioritizes bureaucracy over solutions. Alongside four of my colleagues, I brought forward several amendments to cut unnecessary spending—like reducing the $6.5M executive leadership budget and holding senior management accountable for extravagant travel expenses. Unfortunately, these were rejected. Calgarians deserve transparency. To fix this broken process, I proposed re-establishing the Finance and Budget Committee to ensure every dollar is accounted for and scrutinized. Again, the majority of this Council didn't want to roll up their sleeves and do this work. While I supported funding to keep the Inglewood Pool open, waiving patio fees for small businesses, and investing in critical services like public safety and infrastructure, Calgarians still want The City to do more with less while The City does less with more. I’ll continue fighting for responsible spending and transparent leadership. Calgarians deserve better. This isn’t over.

Sonya Sharp

19,720 views • 1 year ago

🚨 BREAKING: Governor Ron DeSantis just proposed a $117 billion Florida budget for 2026-2027 with a 2ND AMENDMENT sales tax holiday 🔥 The $117B is LESS than New York City's annual budget, despite Florida having nearly 15 million more people. And it's more than $100B less than New York STATE'S budget - despite Florida having more residents. "We're really showing HOW IT CAN BE DONE." I LOVE FLORIDA ☀️☀️ "We have the lowest number of state government workers per capita, and are the lowest or second lowest in state spending per capita of all 50 states."
0:57

🚨 BREAKING: Governor Ron DeSantis just proposed a $117 billion Florida budget for 2026-2027 with a 2ND AMENDMENT sales tax holiday 🔥 The $117B is LESS than New York City's annual budget, despite Florida having nearly 15 million more people. And it's more than $100B less than New York STATE'S budget - despite Florida having more residents. "We're really showing HOW IT CAN BE DONE." I LOVE FLORIDA ☀️☀️ "We have the lowest number of state government workers per capita, and are the lowest or second lowest in state spending per capita of all 50 states."

Eric Daugherty

612,120 views • 8 months ago

Rep. Roy: "Unfortunately, we're here debating an irresponsible budget sent over to us from the Senate... To my friends on this side of the aisle, when are we going to get serious about spending? The House Budget actually does a job of trying to get to budget neutrality, balancing tax policy and spending policy. The Senate sent over a joke, and we're going to capitulate to the Senate knowing full well that the Senate instructions carry the day, and we're going to be sitting there in a reconciliation debate where we're going to end up on the short end of the stick, but worse, the American people are going to end up on the short end up on the short end of the stick, because it absolutely increases deficits. No one can deny it... It will destroy this country with more deficits and the inflation tax that is crippling the average American family. I will not vote for the Senate bill."
1:46

Rep. Roy: "Unfortunately, we're here debating an irresponsible budget sent over to us from the Senate... To my friends on this side of the aisle, when are we going to get serious about spending? The House Budget actually does a job of trying to get to budget neutrality, balancing tax policy and spending policy. The Senate sent over a joke, and we're going to capitulate to the Senate knowing full well that the Senate instructions carry the day, and we're going to be sitting there in a reconciliation debate where we're going to end up on the short end of the stick, but worse, the American people are going to end up on the short end up on the short end of the stick, because it absolutely increases deficits. No one can deny it... It will destroy this country with more deficits and the inflation tax that is crippling the average American family. I will not vote for the Senate bill."

Rep. Chip Roy Press Office

31,397 views • 1 year ago

🚨 Knicks Parade: NYC Taxpayers Foot the Bill for Millionaire Party? Bold question: While NYC grapples with massive budget woes, was blowing city resources on a lavish ticker-tape parade for millionaire Knicks players—and star performers like Alicia Keys—really the best use of your tax dollars? The details: • Full parade + City Hall ceremony with ticker tape, massive NYPD deployment (one of the largest ever), sanitation for tons of debris, street closures, and logistics. • Alicia Keys closed it out slaying in custom Pelle Pelle leather, performing “Empire State of Mind.” Context on spending priorities: This comes right after Gov. Hochul bailed out Mayor Mamdani with ~ $8 billion in state aid to close NYC’s budget gap. Yet here we are, rolling out the red carpet for a celebration of millionaire athletes and celebs. Is this responsible governance—or just another example of flashy optics over fiscal restraint? Do you think this was a proper expense of public funds, or tone-deaf priority? (Video: AI)
0:23

🚨 Knicks Parade: NYC Taxpayers Foot the Bill for Millionaire Party? Bold question: While NYC grapples with massive budget woes, was blowing city resources on a lavish ticker-tape parade for millionaire Knicks players—and star performers like Alicia Keys—really the best use of your tax dollars? The details: • Full parade + City Hall ceremony with ticker tape, massive NYPD deployment (one of the largest ever), sanitation for tons of debris, street closures, and logistics. • Alicia Keys closed it out slaying in custom Pelle Pelle leather, performing “Empire State of Mind.” Context on spending priorities: This comes right after Gov. Hochul bailed out Mayor Mamdani with ~ $8 billion in state aid to close NYC’s budget gap. Yet here we are, rolling out the red carpet for a celebration of millionaire athletes and celebs. Is this responsible governance—or just another example of flashy optics over fiscal restraint? Do you think this was a proper expense of public funds, or tone-deaf priority? (Video: AI)

Paul A. Szypula 🇺🇸

21,478 views • 2 months ago

Mayor Mamdani announced today that he balanced the NYC budget by being bailed out by Gov. Hochul. Billions of dollars from New York State are now going to NYC instead of helping New Yorkers outside the failing city. Meanwhile, Mamdani is spending an estimated $1.5 billion in 2026 on benefits for illegal immigrants. As for the $500 million in new revenue Mamdani claims, that’s a lie. He thinks rich people with second homes in NYC will just pay higher taxes and not care. They’ll sell their homes and leave. They’re already doing it. Mamdani didn’t balance the budget; he stole from poor Americans outside NYC to fund illegals inside NYC. That’s why he’s failing and so is the city. Rich people are leaving for cities in states like Florida and Texas. That was already happening before Mamdani. Now it’s getting much worse. This isn’t a balanced budget. It’s a broken budget, a catastrophe for NYC, and a failure by both Mamdani and Hochul.
0:26

Mayor Mamdani announced today that he balanced the NYC budget by being bailed out by Gov. Hochul. Billions of dollars from New York State are now going to NYC instead of helping New Yorkers outside the failing city. Meanwhile, Mamdani is spending an estimated $1.5 billion in 2026 on benefits for illegal immigrants. As for the $500 million in new revenue Mamdani claims, that’s a lie. He thinks rich people with second homes in NYC will just pay higher taxes and not care. They’ll sell their homes and leave. They’re already doing it. Mamdani didn’t balance the budget; he stole from poor Americans outside NYC to fund illegals inside NYC. That’s why he’s failing and so is the city. Rich people are leaving for cities in states like Florida and Texas. That was already happening before Mamdani. Now it’s getting much worse. This isn’t a balanced budget. It’s a broken budget, a catastrophe for NYC, and a failure by both Mamdani and Hochul.

Paul A. Szypula 🇺🇸

248,695 views • 3 months ago

Last nights budget has revealed the Federal budget has serious structural spending issues that need to be addressed urgently. Labor has allowed deficits to occur out to 2035/36. Why should the Australian public take Labor seriously on economic management when it can’t even rein in deficits over a period of a decade? If Australia was a business that forecast losses for the next decade it would be declared bankrupt and receivers appointed. Why should the Australian public vote for a government that can’t stimulate an economy back into profit given Australia’s vast resources and economic potential! At the start of this term I had a meeting with the Treasurer Jim Chalmers, as I did with former Treasurer Frydenberg where I outlined a number of loopholes in the tax and monetary policy settings that favoured foreign investors. Yet Labor has done nothing to remove these loopholes that would help get the budget into surplus. That’s the worst thing about this budget. Labor doesn’t have the will power or the solutions that will set our children up for the future. #auspol
2:50

Last nights budget has revealed the Federal budget has serious structural spending issues that need to be addressed urgently. Labor has allowed deficits to occur out to 2035/36. Why should the Australian public take Labor seriously on economic management when it can’t even rein in deficits over a period of a decade? If Australia was a business that forecast losses for the next decade it would be declared bankrupt and receivers appointed. Why should the Australian public vote for a government that can’t stimulate an economy back into profit given Australia’s vast resources and economic potential! At the start of this term I had a meeting with the Treasurer Jim Chalmers, as I did with former Treasurer Frydenberg where I outlined a number of loopholes in the tax and monetary policy settings that favoured foreign investors. Yet Labor has done nothing to remove these loopholes that would help get the budget into surplus. That’s the worst thing about this budget. Labor doesn’t have the will power or the solutions that will set our children up for the future. #auspol

Gerard Rennick

34,562 views • 1 year ago

I wanted to share an update on San Francisco’s budget and how we are working to get our fiscal house in order. When I took office, we inherited a significant structural deficit. That means the city was set up to spend more money than it brings in, year after year. Today, that gap is projected to reach $1 billion dollars over the next five years. Over the past year, we’ve taken steps to close this gap and bring long-term spending more in line with revenue. We also know that increasing sustainable revenue for our city is crucial to solving our budget problem. Since the day I became mayor, we’ve been taking steps to create the conditions for San Francisco’s economic recovery. Today, our streets are safer and cleaner, and people struggling on the streets are getting into treatment. We’re making it easier to open and operate a small business in our city. And that progress has led to results: Businesses of all sizes are coming back to San Francisco, people are shopping downtown again, and tax revenues are higher than projected. While we are making meaningful progress, we are not out of the woods. Our economic recovery is very fragile. And since last year’s budget, the city has faced new federal and state funding cuts. This means our budget gap would reach $1 billion in the coming years if we don’t act. The charter requires that, as mayor, I submit a balanced budget each June—we cannot spend more money than we bring in. And we must also address this long-term $1 billion dollar deficit. Because if we don’t act now, we will have to do twice as much in the coming years, with the choices becoming more expensive and more difficult. This year’s budget will include painful but necessary decisions. I know they will impact individuals and communities, and I take this seriously—which is why we must act now to avoid even deeper cuts later. This year's budget will continue the work we’ve been doing since last year to manage city funds responsibly and deliver the best possible services. And it will put our city on a path to a lasting economic recovery that benefits all San Franciscans.
2:37

I wanted to share an update on San Francisco’s budget and how we are working to get our fiscal house in order. When I took office, we inherited a significant structural deficit. That means the city was set up to spend more money than it brings in, year after year. Today, that gap is projected to reach $1 billion dollars over the next five years. Over the past year, we’ve taken steps to close this gap and bring long-term spending more in line with revenue. We also know that increasing sustainable revenue for our city is crucial to solving our budget problem. Since the day I became mayor, we’ve been taking steps to create the conditions for San Francisco’s economic recovery. Today, our streets are safer and cleaner, and people struggling on the streets are getting into treatment. We’re making it easier to open and operate a small business in our city. And that progress has led to results: Businesses of all sizes are coming back to San Francisco, people are shopping downtown again, and tax revenues are higher than projected. While we are making meaningful progress, we are not out of the woods. Our economic recovery is very fragile. And since last year’s budget, the city has faced new federal and state funding cuts. This means our budget gap would reach $1 billion in the coming years if we don’t act. The charter requires that, as mayor, I submit a balanced budget each June—we cannot spend more money than we bring in. And we must also address this long-term $1 billion dollar deficit. Because if we don’t act now, we will have to do twice as much in the coming years, with the choices becoming more expensive and more difficult. This year’s budget will include painful but necessary decisions. I know they will impact individuals and communities, and I take this seriously—which is why we must act now to avoid even deeper cuts later. This year's budget will continue the work we’ve been doing since last year to manage city funds responsibly and deliver the best possible services. And it will put our city on a path to a lasting economic recovery that benefits all San Franciscans.

Daniel Lurie 丹尼爾·羅偉

39,343 views • 4 months ago