kate howard, the mayor's budget director. the item before you today is a resolution adopting two-year fixed budgets for several departments. i thought i would briefly remind the committee as well as members of the public about our two-year budgeting process and background on that and then talk about the item in front of you. if you will recall, in 2009 the voters adopted proposition a, which focused on a number of budgetary reform items including allowing and encouraging the board to adopt financial policies, adopt five-year financial planning process, adopt two-year budgeting and then also fixed our contract deadlines for which we have to submit labor contracts to the board. for fiscal year 2012 to 2014, the board adopted the first fixed two-year budgets. those included the puc, the airport and the puc. as you recall, the mta is fixed separately by charter as a two-year budget. all our other departments have remained rolling two-year budgets. the item in front of you today would expand our fixed two-year departments. it woul

>> supervisor, kate howard. the budget director for the mayor's office. it a good question. as you know and as you will hear in a few minutes when the controller and i talk to you about the city's financial outlook in the next 4 years, our forward outlook does assume the inclusion of this supplement al spending next year. that is a projection and ultimately whether those funds are included in the budget is a decision that we are still making a determination on. i think certainly this is an important policy priority for the city and for the mayor and we are eager to work with supervisor farrell and the department to as the plan becomes more solidified. >> and we are talking about this supplemental provision today is for homeless outreach team and related services for mostly homeless outreach team. what other services are we looking at the budget for homeless services that we expect to include when we start our budget deliberations in june? because if we are only doing homeless outreach services, i'm not sure it's going to be adequate. it maybe top heavy if we are not looking

down not with only howard schultz but also blake nordstrom, president of nordstrom, zillow ceo, spencer rascoff and the ceo of elt jsea genetics. we have some news on s.e.c. capital. kate has the story. >> kelly, in a dramatic move intended to improve compliance s.e.c. has hireded cia backed data miner pallen tier to better monitor it's own employees. they explained the firm's desire to take the data they already have and better connect the dots in order to ward off future misconducts. palantir has already conducted a pilot program and based on the results of that, it's been hired full time. this is only sac's latest move to reign in errant workers after a slew of insider trading convictions and a $1.2 billion justice department settlement that ended its life as a public hedge fund. they will be renamed point 72 and the firm will invest only founder steve cohen and employee money plus that of some cohen family members. pal lantir is adding sac to a client roster that includes the fbi, jpmorgan, and morgan stan lay. >> thanks very much. >> we've heard from a lot of folks on how yellen did today. we want to hear from you. tweet us how you think the new fed chair fared in