SAN FRANCISCO — Wearing a bright safety vest with the words “Safe Passage” on the back, Tatiana Alabsi strides through San Francisco’s Tenderloin neighborhood to its only public elementary school, navigating broken bottles and stained sleeping bags along tired streets that occasionally reek of urine. Along the way in one of America’s most notorious neighborhoods, […]
S&P Global Ratings announced yesterday that it was changing its outlook on San Francisco’s debt from stable to negative. The outlook on the city-county’s outstanding general obligation and appropriation debt was cut to negative from stable this week by the ratings company. The weakness in the city’s commercial real estate market and tourism activity were […]
Washington is once again facing a potential shutdown. Funding for the federal government will run out in early March unless the House and Senate can bridge their differences and pass spending legislation. At the same time, the city of San Francisco seems to have few problems doling out huge amounts to well-connected activist groups and […]
It’s not just the state of California that is facing a big budget deficit. San Francisco’s own projected deficit keeps growing. Just last month, Mayor London Breen announced she was looking for a 10% budget cut to deal with a projected deficit of $800 million. City budget officials have projected a deficit of $800 million […]
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