fred blackwell, director of redevelopment agency. we have jeff go down, sfpd. sonali bose, sfmta. bob sitting in for phil ginsburg from iraq and park -- from rec adn park. -- rec and park. next up, we have greg wagner, who is going to be via a little bit on the budget. you can use that microphone right there. >> thank you very much, supervisor cohen. i wanted to set the stage by walking briefly through an overview of what our budget problem is, to set the stage for the conversation we are going to have and give a little bit of background on why we are all here tonight and what the challenges are that are facing us collectively over the next three months as we need to balance our budget. so as you know, the city charter requires us to have a balanced budget every year. unlike the federal government, we cannot borrow money and operate at a deficit. this is an ironclad requirement. it requires us to ensure that our sources and the money coming into the city are equal to our users, and that is the expenditures we make. when we look ahead at next year, we do a projection of what our re

but just a couple of things -- i am fred blackwell from the san francisco redevelopment agency. we are not a general fund department. we are funded through a mechanism called tax increment financing, which basically means in redevelopment project areas, with give the intrigue -- we give the increases and property tax developments and put that money back into its product development areas. our product areas in district 10 are bayview hunters point, and the hunters point shipyard, basically. our biggest budget question this year -- if you have not been reading the newspaper -- is whether or not we will be around. the governor, as part of his budget in january, proposed the elimination of redevelopment agencies statewide. the current status right now in sacramento is that the governor does not have the 2/3 votes needed to actually move that proposal forward. there is rumor that the proposal may be redrafted in a way that will allow him to pursue a majority vote in the legislature. it is not clear as to whether or not the majority is there to eliminate redevelopment. that all being