Right now beaches and parks from coast to coast are allowing people to return for the first time in months but in many areas this new found freedom comes with restrictions on capacity and social distancing rules. All of this as the number of new cases in the u. S. Is Holding Steady or rising in 42 states. Some experts worry reopening could cause new spikes of the disease. The number of deaths is now over 96,000. New cases are up over 1. 6 million. Even as states ease some restrictions, President Trump is demanding governors do even more, calling on states to fully reopen houses of worship. Even saying he will override any governor who doesnt comply although it is unclear what authority the president is actually referring to. Cnn has a team of reporters fanned out across the country to cover all of the reopenings this holiday weekend. We begin this hour in georgia where the beaches on taibbi island are packed with visitors. The small beach town made National Headlines when the mayor wen
Thats right, supervisor. Another assumption that i would highlight for you, the fiveyear Financial Plan in the joint report typically dont make any assumptions about increasing Service Levels or adding additional employees and that plan is consistent with that unless there are known policy plans such as the opening of San Francisco general hospital. Regarding reserves, the plan doesnt include at this point an additional allowance for any state or federal losses, it also assumes that because our revenues are growing, were not eligible for rainy day withdrawal. Supervisor avalos . Thank you, chair farrell, could there be withdrawal for allocation to the School District for the rainy day reserve, thats still a possibility . Thats correct, supervisor. I think there is still work at the Controllers Office will need to do to determine whether the School District will be eligible for a rainy day withdrawal in fiscal year 1314, however my expectation is that they will be eligible. On wages and
Done any look at all about a down side scenario if you will . The plan doesnt project a downside scenario, what we did do though and i didnt put it in the presentation but if you look in the plan itself, if each year we had 1 less Revenue Growth than we project in the plan, that would be about 134 Million Dollars loss, so to the degree that revenues come in lower than expected, the deficit would be larger, so there is some sensitivity here. And thats 134 million over five years . Over five years, thats right. Got it, thanks. So, going back to just in term of what compromises that 578 Million Dollars of Revenue Growth, the largest portion of that being our property tax which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. This slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projectio
Hear tog receive an update from the Controllers Office on the citys fiveyear Financial Plan. And we have ms. Howard here, the mayors budget director to talk to item number 1. Hi, supervisors, thank you for having me here today to talk about the citys proposed five year plan, i have a presentation that i have distributed to you and will be walking you through that presentation, im happy to take questions during the presentation or at the end. What i thought i would cover today, just a quick reminder about some of the good work that the city has done regarding financial policies and planning over the last several years, i think that the deputy controller is also going to be talking with you a little bit about how some of the policies have play out through our reserves in particular subsequently, talk about the goals to have plan, what are the major assumptions in our base case projection, walk you through that projection and some of the fiscal strategies to adopt a balance fiveyear outlo
Well, good evening. On the anniversary of the storm that starting one year ago tonight made life on this spot impossible at its height. Due to water and fire and wind. Hurricane sandy ravaged the east coast, some places scarred forever, others coming back slowly. And well have more on all of it in just a moment. But again this evening, it is a big problem on the part of the government that starts off our broadcast. Specifically, this new health care law. Beyond the colossal problems with the website well chronicled, now it is the assurances by the president that are drawing scrutiny when he told americans if you liked your health care plan, you could keep it. Well, with Insurance Companies discontinuing some policies of some people, we finding thats no longer the case. As many deal with the potential for new higher costs. Our Senior Investigative correspondent lisa myers broke the story for us last night and has more for washington tonight. Good evening. Reporter brian, good evening. S