10/19/08

SF: Prop S – Policy Regarding Budget Set-Asides and Identification of Replacement Funds

Shall it be City policy that the voters will not approve any new set-aside of City revenue unless the set-aside identifies a new funding source, includes limits on annual increases, and automatically expires after 10 years?

The City definitely needs this proposition to pass. Voters routinely approve new projects in the ballot as long as it benefits someone. Improve transportation? Yes. Improve schools? Sure. Help the homeless? Absolutely. Fix the roads? You betcha. New bridge? Why not. Plant trees? Yup. New program to help cross-eyed people in the 23-25 age range with a limp? Hell yeah! Let’s throw a million their way!

All these new programs add up. The City is not made out of money. Sooner or later, the City’s budget will be tapped out. Future earmarks should show how they will be funded for voters to have a firm understanding of how their vote will affect the City’s budget in other areas.

Vote yes on Proposition S.