San Francisco continues its death spiral towards bankruptcy

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San Francisco continues its death spiral towards bankruptcy. That fact hasn’t stopped city leaders from continuing to spend wildly however.

The San Francisco Examiner reports that the city’s cumulative budget deficit over the next two fiscal years is projected to be $262 million out of an annual budget of roughly $10 billion. According to experts, the deficit keeps growing.

The biggest costs — health care and pension payments. In reality, San Francisco is $10 billion in the hole…and the hole keeps getting deeper.

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One comment

  1. San Fran is extremely generous with other peoples monies. They give out $500 MILLION of taxpayers to about 500 leftist grps. They each receive One Million dollars each year. Doling out five hundred million big ones to five hundred leftist grps is why San Fran is circling the drain.

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