It can't because even under models showing no economic recession, the city will be running close to a $700-800M deficit in 5 years' time. The industry growth basically enables the city to run in place against its financial obligations. https://sfmayor.org/sites/default/files/Five%20Year%20Financial%20Plan%20FY17-18%20through%20FY21-22%20(Updated)%20FINAL_0.pdf …https://twitter.com/ScottThurm/status/1006175146770436096 …
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If only there was some mechanism whereby the city could capture some of the massive increase in property values and use that money to pay for services. It's always prop 13.
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