Go woke, go broke! San Francisco mayor warns crime-ridden city now faces a $728m budget deficit over next two years, as remote work caused property taxes and public transit ridership to slump

• • San Francisco’s city authorities on Thursday announced that they are predicting a $728 million budget gap over the next two fiscal years
  • The huge financial challenge is down to the loss of tax income from offices and businesses thanks to remote work, and the ending of pandemic-era federal aid
  • London Breed, the mayor of San Francisco, is asking municipal departments to reduce costs by 5% in the next fiscal year and by 8% in the year after that
  • San Francisco has among the highest levels of office vacancy in the country, coupled with a significant homeless and crime problem as residents flee