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SF Budget Surplus to Near 80 Million

The current budget cycle will end with a $129.1 million surplus, $80 million more than previously anticipated, according to a new budget report released Monday by the Office of the Controller.

"We're still not out of the woods, but it's very good news," said Kate Howard, the mayor's budget director.

The new deficit for the fiscal year that starts July 1 is now $229 million, down from the earlier projection of $263 million. And that was whittled from an earlier assumption of $458 million.



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