The Facts About The Oakland Budget

• Projected Deficit for 2011-2013 is $58 million
• Annual Budget for FY 2011-12 is just under $1 Billion
• 58% of the budget are restricted funds
• Streets, housing development, sewer maintenance, Measure DD improvements on Lake Merritt
• These funds are collected from certain sources which has restricted spending: grants, fees, bonds, revenues
• 42% of the budget is the General Fund
• The $58 million budget deficit is in the General Fund
• Police and Fire, libraries, senior centers and recreation programs, elected offices
• These funds are collected primarily from property taxes
• Less than 1% of the 9.75% sales tax goes back to the city
• About 26 cents of every dollar of property tax goes to the city

Source: City of Oakland Website

The Facts About The San Francisco Budget

• The budget for the fiscal year 2011-12 $6.83 billion
• Budget deficit on $380 million from previous FY
• City Funds can be divided into 3 categories
• Governmental Funds- this includes the General Fund for discretionary spending
• Proprietary Funds
• Internal service funds- expense of good or services provided by one city department to another
• Enterprise funds- included SFO, Water department, General hospital
• Fiduciary Funds- resources held for the benefit of parties outside the city

Sources: SF Controller, San Francisco Examiner