About half of the budget goes immediately to enterprise departments. Things like SFO, MTA, and the Port of San Fran. Another quarter goes directly to prop-approved set-asides for things such as libraries and Medi-Cal. Then some other large chunk goes to jails, courts, and hospitals. Then there is payroll for the 30,000+ city employees.

Not to mention San Francisco has a massive pension liability in excess of $6 billion. The city really is bankrupt.

And during the longest economic expansion in US history the city has done virtually nothing to shore up its finances. Not like San Fran is alone in that regard.

Much of the money is pre-allocated by propositions