Mayor Lee Releases Reserve Funds to Protect Critical City Services
City to Use $7.2 Million in Reserves to Reverse State Cuts to Continue Services
Mayor Edwin M. Lee today introduced a supplemental appropriation which includes the release of $7.2 million to backfill State budget reductions and to protect the City’s social safety net for its most vulnerable residents, including children and seniors.
“Even in a challenging economic environment, we have balanced our budget, made tough decisions and, most importantly, planned for the future,” said Mayor Lee. “We are now in a position to protect critical City services and programs and offset cuts from the State to some of our most vulnerable residents. However, it is critical that we judiciously maintain and spend our reserves, especially with the threat of more than $40 million in Federal sequestration cuts looming.”
To backfill cuts to programs made by the State, $7.2 million from the City’s State Reserve will continue In-Home Supportive Services, Adult Day Health Centers and mental health services and, in addition, protects more than 800 childcare slots slated that would have been eliminated. The State Reserve will go from $15 million to $7.8 million.