Page 4 - FY 2021-22 CAO Overview of Proposed Budget
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AMERICAN RESCUE PLAN
• $1.354 billion in estimate federal relief in two equal
payments in May 2021, and May 2022.
• The 2020-21 tranche will:
– Allow the City to not use its General Fund reserves or
deficit borrow to close this year’s budget gap.
– Will restore the pandemic-related lost 2019-20 revenue
($200 million) to the Reserve Fund.
• The 2021-22 tranche:
– Enabled the Mayor to present a General Fund budget of
$7.33 billion, 9.7% above the 2020-21 Adopted Budget,
which maintains City services and initiates many new
programs.
– Will boost General Fund Reserves to historic levels.
2021-22 Proposed Budget
Presentation to the Budget and Finance Committee
