All right. Good afternoon everybody and welcome to the San Francisco board of supervisors budget and finance Committee Meeting for wednesday, march 2, 2016. My name is mark farrell, ill be chairing this committee. I am joined by Committee Member wiener, kim, and well be joined later by yee. I want to thank s fgtv for covering this meeting. Madam clerk, with that do we have any announcements . Yes, sir, please silence all cellphones and electronic devices. As part of the files to be submitted to the clerk. Thank you. Thank you madam clerk. Welcome to our first budget meeting for 2016. I thought with this one, for our first meeting, we would get a quick update report from the Controllers Office on our six month budget. So with that, if you would call item number one. Item number one, hearing on the six month budget report and request of the Controllers Office. We have michelle from our Controllers Office to speak. Hi, yes, good afternoon. Michelle from the Controllers Office and also, th
Michelle from the Controllers Office and also, theres a presentation if you want to put it up. Our six month budget status report was issued in early february and as sort of the bottom line numbers that were projecting an improvement in the current years ending balance of about 59 Million Dollars compared to our last projection which was issued at the beginning of december. So what that does is bring the combined short fall for the budget years that youll be considering, fiscal years 17 and 18. Short fall to 180 Million Dollars. So a portion of that short fall. The change, the improvement is mostly more due to improvements in tax receipts, primarily property tax. But its also from departmental savings in a number of departments. But human services, Public Health, and then city wide savings due to hiring delays. And, we would like to report the progress that were making towards our economic stable reserves which were projecting will be at 6. 2 percent of general Fund Revenues at the end
Issued in early february and as sort of the bottom line numbers that were projecting an improvement in the current years ending balance of about 59 Million Dollars compared to our last projection which was issued at the beginning of december. So what that does is bring the combined short fall for the budget years that youll be considering, fiscal years 17 and 18. Short fall to 180 Million Dollars. So a portion of that short fall. The change, the improvement is mostly more due to improvements in tax receipts, primarily property tax. But its also from departmental savings in a number of departments. But human services, Public Health, and then city wide savings due to hiring delays. And, we would like to report the progress that were making towards our economic stable reserves which were projecting will be at 6. 2 percent of general Fund Revenues at the end of the year and our target is 10 percent. So just to briefly review the Revenue Sources that are contributing to the fund balance, it
You. Tell us what these emails uncovered . What did you learn . Well, what we learned from these emails was that this is the first time that General Motors has ever kind of made any acknowledgement they had issued an order, a parts order for 500,000 replacement ignition switches on december 18th. Up until now gm has claimed that no decisions, no action were taken on a recall until at least january 31st. At that time there was a meeting and a decision was made that a recall was needed. On february 7th, the Company Issued a recall, covering 700,000 different vehicles. However now these emails show that that timetable may have changed and decisions were being made as early as december 18th. Gerri jeff this calls into question mary barras testimony which she said oaf and over again i did not know about the situation until the end of january. January 31st of 2014. I want you to hear her statement and tell me what you think she should have said maybe . Here is mary barra. I testified i knew
Strict and country proposed by the us on the wrong begins, refine and gets crude oil in venezuela as the country. The booster by last rule, toys, in defiance of us. The hello and welcome you, watching all the International Coming to you live from moscow is good. Happy with us. We start with the latest from ukraine. What theories of missile strikes have been reported across the country and she say, the Russian Defense Ministry Says it launched High Precision attack when Ukrainian Energy infrastructure and military command senses. Now here are the latest on verifying pictures from denise pro. Denise pro patrol square, the regions largest thermal power plant was hit. Our pool for the missile strike may have led to Power Outages in the neighboring hall called region. And here on verify the images from kia, where mass Power Outages were reported off. Multiple strikes on an Energy Supply. Facility outages have been reported across the country on choose day with the cranial authorities asking