Dilemma of all Bay Area cities. They all want the companies for the tax revenue to cover ballooning pension liabilities, but because of California's land-use & property tax system, the boom always gets absorbed by the existing property, land & homeowners & displaces the tenants.https://twitter.com/LibbySchaaf/status/973635071771947008 …
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While I have generally (perhaps stereotypically) assumed that, SF gov’t can be quite competitive in certain departments (obv not “tech” - I mean the rest of us). Currently, pensions are one of few fringe benefits advantages public sector has, so I can appreciate the loss of that
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