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Million deficit. We have a 7. 6 unemployment rate. This year and the next we do twoyear budgets, by the way. This year its about 123 million deficit for this next fiscal year. The following year of 1415, is about 256 million deficit. So, we plan for two years, but well meet every year just to talk through it. And then were doing really well on our employment. We have about a 6. 3 unemployment rate. So, its gone down another big percentage point. I want to keep driving that down. My goal is to get to the 5 or even below. That means a lot more people have jobs and create their own destinies. And i need to have that happen because government cant do everything. Well do the gaps. Well help, of course, with our seniors, our lowincome families, our children need us to provide the programs. But we have to invest really smartly these days. And i think if theres any theme that all of us are working hard on is how to properly invest as our city totally recovers. And many of you will talk to us a ....
Mayor lee when i was here, and i would ask you to talk to our landlord. Maybe you can get a rent reduction for us. That would be very helpful. Thank you. Thank you. applause all right, thank you, linda. So, now id like to call up caroline from the jewish family and children services. Anyone from jfcs here . Okay, all right. So, i guess well move on to public comment, then, or summer jobs, actually, here. Good morning, everyone, mayor lee, supervisors, Department Heads. Eric mcdonald chief operating officer for united way of the bay area. We are thrilled to be partnering again with mayor lee, city departments, and our private sector leaders to provide jobs and internships this summer. Last summer mayor lee raised his hand, let the nation, i should say, raising his hand to say we in San Francisco will make a commitment to investing in the lives of our young people in creating ....
Federal government. When the federal government does things like implement a federal sequester. That has an impact here on san franciscans. If the state budget changes, that has an effect here on us. Its important to know that we have control over some of our revenue but not all of them. The mayor shared with you our fiveyear budget outlook. And mentioned the first two years. This is the fourth chart over with the red and black. The red bars show you how much our expenditures are projected to grow in the next five years and the black bars. We project over the five years we will have 13 more revenue, its a strong economy. And at the same time our expenditures are expected to grow by 25 . So the gap between the growth in expenditures and revenue is what creates our budget short falls. A significant part of that pressure is related to pressure related to labor costs. Including the cost of our health benefits, and retiree benefits. Finally i wanted to share, we will hear from you about you ....