Posts related to Economy

San Francisco Supervisors are eating the golden goose

Tired of innumerate elected officials mismanaging the city? Support my campaign for Democratic County Central Committee.

San Francisco just passed an increase to the fees on new office construction and it’s being sold as “$400 million for affordable housing.” In fact, of the $400 million, only $154 million is new revenue, and it’s spread out over20 years. That works out to only $8 million per year in new revenue (or about 30 units of subsidized housing1).

This comes at a cost of $300 million to GDP and over 1000 jobs lost over 20 years, and higher rents for nonprofits and businesses. We can build more low-income affordable housing by lowering barriers instead of killing the economy that employs San Franciscans and funds government services.

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