esther huish >> we provided a schedule you'll notice that all the second wednesday of each month exceptfor mayweather we have determined that because any pc holds an annual investment conference were moving it to the third wednesday to encourage board members to attend the conference. discussion item only >> thank you. but take public comment on this item. public comment is closed. clerk alden please >> item 15 discussion i'm executive directors report esther huish >> the item i have on my report is a budget update. we met with the mayor's office last week. as a result of the election there's two consequences that will be impacting the current year's budget as well as next year's budget. one was the failure to pass sales tax here in san francisco which had been the revenues from that had been included in a balanced the budget for 16-17 and 17-18 and the second which is an unknown impact which is potentially a reduction in federal funding as a result of san francisco's status as a sanctuary city. but in the meantime, the mayor's office is predicting a $400 million deficit for the next tw

esther huish >> we provided a schedule you'll notice that all the second wednesday of each month exceptfor mayweather we have determined that because any pc holds an annual investment conference were moving it to the third wednesday to encourage board members to attend the conference. discussion item only >> thank you. but take public comment on this item. public comment is closed. clerk alden please >> item 15 discussion i'm executive directors report esther huish >> the item i have on my report is a budget update. we met with the mayor's office last week. as a result of the election there's two consequences that will be impacting the current year's budget as well as next year's budget. one was the failure to pass sales tax here in san francisco which had been the revenues from that had been included in a balanced the budget for 16-17 and 17-18 and the second which is an unknown impact which is potentially a reduction in federal funding as a result of san francisco's status as a sanctuary city. but in the meantime, the mayor's office is predicting a $400 million deficit for the next tw