Genius city, facing down a possible pandemic-driven recession, passes special interest initiative that city economist says will reduce the GDP by $23 billion dollars.https://twitter.com/sfchronicle/status/1235074434656067584 …
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From the quoted article at the top of the thread: "Prop. E would hurt the city’s economy, according to the city’s chief economist, who forecast personal income dropping 5.9% by 2040 and the city’s job base shrinking 7.9%, equal to 91,000 fewer jobs, if the measure passes."
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I assume that translates to less tax revenue coming into the city budget, hurting schools, among other things.
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**Whispers** Is Haney Brand New in
#SF
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