ms. howard, supervisor breed? >> thank you, what are we talking about in terms of the amount of money we're looking at if we were to absorb the increase in hotel tax revenue into the general fund? >> i don't know if i have that number off the top of my head. i do have it at my table. can i get it for you in a moment? >> yes, thank you. >> okay, colleagues? any other questions at this time? supervisor mar? >> thank you, ms. howard, i was going to ask you, i know that we're going to talk about set-asides in a moment, so the five year plan assumes the reauthorization of proposition h or the public education enrichment fund and the children's fund, is that right? >> that's correct, supervisor. we certainly discussed what made the most sense to assume, but given the significant interest and the importance of both of those funds, we assumed that both of them would be reauthorized and to the degree that they were -- if they were not to be reauthorized, that would change the projection. >> and given how voters of overwhel

ms. howard here, the mayor's budget director to talk to item number 1. >> hi, supervisors, thank you for having me here today to talk about the city's proposed five year plan, i have a presentation that i have distributed to you and will be walking you through that presentation, i'm happy to take questions during the presentation or at the end. what i thought i would cover today, just a quick reminder about some of the good work that the city has done regarding financial policies and planning over the last several years, i think that the deputy controller is also going to be talking with you a little bit about how some of the policies have play out through our reserves in particular subsequently, talk about the goals to have plan, what are the major assumptions in our base case projection, walk you through that projection and some of the fiscal strategies to adopt a balance five-year outlook. over the last several years, we've began a number of steps to strengthen the city's financial management and reduce volatility in our budget process, one of the biggest and most recent steps is our

ms. howard, quick question for you, and i appreciate that comment, i think as you look at economic cycles and so forth, you can make an argument that we're going into a shorter economic swing, have you guys done any look at all about a down side scenario if you will? >> the plan doesn't project a down-side scenario, what we did do though and i didn't put it in the presentation but if you look in the plan itself, if each year we had 1% less revenue growth than we project in the plan, that would be about 134 million dollars loss, so to the degree that revenues come in lower than expected, the deficit would be larger, so there is some sensitivity here. >> and that's 134 million over five years? >> over five years, that's right. >> got it, thanks. >> so, going back to just in term of what compromises that 578 million dollars of revenue growth, the largest portion of that being our property tax which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates

ms. howard for being here. >> supervisor, kate howard mayor's budget director. i thought i would give you a brief update on a couple of items of note and then come back to you in several weeks in more detail. yesterday as i think you all are aware the mayor along with several supervisors introduced the city's five year financial plan and the capital plan and the information and technology plan. they all work together and serve as a framework how the city should be think about and planning for our financial needs and capital and it needs. all of the plans will be before you within the next month and have to be adopted with or without amendments before may 1. i want to give you just a very high level summary of what the five year plan incorporates because it does two important things. the first is that it provides a forward looking projection of the subsequent five years budget. it also provides a plan for closing the gap between projected revenues and expenditures. the five year financial plan for the first part, the part that is the projection, is consistent wit

ms. howard from the budget office and also talk about some of the things we don't know how it's going to effect us. for instance, some of the things on the chopping block that provided a lot of activity to our city. it's important to have a grip on what's going on >> thank you supervisor. kate howard. happy to talk you throw thank you high level known that impacts of federal sequestration on the city and counties. and in addition, some of the other local agencies and some potential impacts to the residents of the cities and coincidences. i thought i'd take thank you high-level of what has happened in the sequesterer and share you to what degree their uncertain and happy to answer any questions. i've handed out a copy of this presentation as well as a high level summary of the high-level impacts thi impacts. the yellow or orange dots are sharing with you have how certain we are of those cuts. you'll remember in not that i'm aware of both the house and the senate voted across the board for the president to act around federal reduction. that threat was not strong enough to get people to tak

ms. howard i appreciate it. >> so colleagues again call for this right now to get a preview i would like to continue to to be a call of chair. so can i take a motion? >> first any members of the public like to say nothing? seeing no one. closed. >> mr. clerk can i please call the next item 5. resolution daupd the city's 5 years plan 2013 through 2014 and section 1129 >> thank you many howard or for year financial plan? >> hello supervisors. so when i presented to you last week, i give you a high-level overview of the financial plan. i didn't plan on an additional plan today but i'm happy to answer any questions. i believe it's on the agenda as an action item >> thank you. thank you cleegz i wanted to bring many howard up in case we had any questions. opening it to up public comment. seeing none closed this does need to be approved by may. >> okay. please call item 6. >> privity that i have appropriating funds this appropriation is subject to two-thirds of the permanent vote of all members of supervisors. >> okay. so this is a special from the public defender's office but we don't have a

ms. howard said earlier, we're not sure, we're assuming the school district will be able to draw from the rainy day reserve but they're getting a bump from the reserve from the state, but this particular formula is quite generous, and therefore, it's likely that they will still not be up to the level that's required by formula and they can withdraw, so they withdraw 25% of whatever's left each year so that amount gets smaller and smaller because we haven't been depositing into the reserve nor have we been with drawing over the next couple of years, it's like the school district will continue to withdraw until it's completed. >> supervisor mar? >> thank you, the school district faces i think it's a march 15 deadline for may not renew notices or layoff notices for teachers and i'm wondering, when do you think we'll know for sure whether the school district will be able to draw from the rainy day reserve? >> we are aware of that march 15th deadline and we are in discussions with the school district. we're going on the assumption now that the school district will be able to withdraw from the

ms. howard for being here. >> supervisor, kate howard mayor's budget director. i thought i would give you a brief update on a couple of items of note and then come back to you in several weeks in more detail. yesterday as i think you all are aware the mayor along with several supervisors introduced

ms. howard. we will continue item two to the call of the chair. we will have this all the time at this point though. however i would like to open it up for public comment. please step forward. seeing none public comment is closed. can i have a motion. >> so moved. >> and we can do that out opposition. mr. clerk can you call item one. >> item one review the cities comparable worth and historic efforts to eliminate pay inequities based on race and gender and how it measures up to comparable worth standards as defined in the proposition h. >> thank you very much and this is sponsored by supervisor avalos. you have the floor. >> thank you chair farrell and thank you all for being here. i want to thank the department of human services for your work and your present today, and thank members of the audience as well. you know overall there is a discussion happening between dhr and the other groups and i want to make sure i am giving a bird eye's view of what we're doing as a city that looks at preserving comparable worth. i have called a hearing to review