Oct 19 2008
SF: Prop S - Policy Regarding Budget Set-Asides and Identification of Replacement Funds
Shall it be City policy that the voters will not approve any new set-aside of City revenue unless the set-aside identifies a new funding source, includes limits on annual increases, and automatically expires after 10 years?
The City definitely needs this proposition to pass. Voters routinely approve new projects in the ballot as long as it benefits someone. Improve transportation? Yes. Improve schools? Sure. Help the homeless? Absolutely. Fix the roads? You betcha. New bridge? Why not. Plant trees? Yup. New program to help cross-eyed people in the 23-25 age range with a limp? Hell yeah! Let’s throw a million their way!
All these new programs add up. The City is not made out of money. Sooner or later, the City’s budget will be tapped out. Future earmarks should show how they will be funded for voters to have a firm understanding of how their vote will affect the City’s budget in other areas.
Vote yes on Proposition S.
2 Responses to “SF: Prop S - Policy Regarding Budget Set-Asides and Identification of Replacement Funds”
[...] Prop S - Policy Regarding Budget Set-Asides and Identification of Replacement Funds Proposition S will make it so that voters cannot approve of more funding until the previous funding has been used. Vote: Yes Prediction: Yes [...]
[...] Prop S - Policy Regarding Budget Set-Asides and Identification of Replacement Funds passed with 99,570 (53%) YES votes to 86,537 (47%) NO votes. During this economic crisis, we can no longer freely throw credit around thinking we can make up the difference at a later date. [...]