San Francisco Mayor London Breed signed a $14.6 billion budget at City Hall on Wednesday, setting funding for the next two years.
The Board of Supervisors gave final approval of the budget Tuesday, committing $14.61 billion in funding for the 2023-24 fiscal year and another $14.57 billion for the 2024-25 fiscal year. Sign up for NBC Bay Area’s Housing Deconstructed newsletter.
One of Breed's major goals was to rebuild the San Francisco Police Department, which has seen staffing levels decline in recent years. The budget makes room for 220 more officers over the next two years and puts more resources toward alternatives to policing, according to a news release from the mayor's office.
The budget funds the city's strategic homeless plan to cut unsheltered homelessness in half over the next five years. The city aims to create 600 new shelter beds, 1,055 new permanent housing placements and 1,650 rapid re-housing placements for the newly homeless. The funding also includes staffing positions to"ensure the city has the capacity to execute the ambitious five-year plan," the mayor's office said.
The San Francisco Unified School District will also receive more funding as part of the Student Success Fund passed by voters in 2022. The proposition requires the city to fund grants for academic achievement and emotional wellness programs at schools each fiscal year.Breed's message to the city on Wednesday largely revolved around economic recovery.
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