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The Budget Stabilization reserve is our side by side reserve that was created dlu the financial policies through the board of supervisors and it was crafted so that we can continue to put away money in a reserve and be able to withdraw it a little more flexibly than a rainy day reserve allows, we cannot make changes to the rin nee day reserve without going to voters whereas this is locally sponsored and with twothirds vote, we can make changes to the rules of this particular reserve. Again, it augments the rainy day reserve, and itss a designated, mitigates some negative effects of downturns o...

Good morning, everyone, and welcome to the San Francisco board of supervisors budget and finance subcommittee meeting for wednesday, march 13th, 2013. My name is supervisor mark farrell. I will be chairing this committee. I am joined by supervisor eric mar and supervisor john avalos. I would like to thank the members of sfgtv who are covering this meeting, jennifer low and Jessie Larson and the clerk of this committee, victor young. Mr. Clerk, do we have any announcements . Yes. Please silence all cell phones and electronic devices. Completed speaker cards and copies of any documents to be inc...