mayor's budget director, and i wanted to introduce kelly kirkpatrick, deputy budget director, and actingout on maternity leave. and we are joined by others, should you have any questions. this was a joint effort putting out the joint report. so with that said, we are going to cover the joint report, in the off year of our five-year financial plan this year, that means we are doing a four-year update to last year's five-year plan. we are going to be then looking forward in some of the existing areas of concerns and future risk and uncertainty, and kelly will give a quick overview of the budget instructions we presented with mayor lee in early december. so, first before we jump in, talk about, two summary slides, if everyone leaves today's, what do i want you to take away? short-term, the fiscal picture is similar to this time last year. the committee, here for last year's budget, very familiar. so, we had about a $287 million deficit in the march update last year that we had to balance by june 1st. this year, the upcoming two-year deficit, projected to be about $262 million for the next t