If the federal government fails to inject stimulus to prevent another recession, is there anything CA could do? Government borrowing costs are very low right now—could the state issue a massive public health / economic stimulus bond?
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Does SF have any capacity for fiscal stimulus via deficit spending for emergencies? I know we need to raise parcel taxes to increase size of bonds, but it seems like “higher parcel tax to save you from corona” is a winning message
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We have a reserve, seems fair to say that it is put aside for moments like this.
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To be clear: I feel like we are talking about budgets as if they are constrained by revenues, but in a world of almost zero interest rate loans, we have a lot of room to borrow. (But not sure what legal limits are)
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cut overinflated pensions
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