BOMA San Francisco Members:
Please take a moment to review the chart below, produced by BOMA member Frank Fudem with Cassidy Turley/BT Commercial. What's important to notice from the graph is that from 2000-2009 there has been a $2.4 billion increase in the budget for the City and County of San Francisco--a city of approximately 800,000 people--while private sector jobs have decreased by 77,000 over the same time period.
San Francisco has unequivocally increased its revenue collection though taxes and fees (such as the payroll tax) on BOMA San Francisco members and the greater business community--indeed, in 2009, the business community had to fight-off nine different tax increase measures that were headed for a special June ballot. In addition, the City's budget increase has come at the expense of negative job growth in the private sector--the same jobs that help support the City's General Fund and small businesses in San Francisco.
In 2010, the City is facing another budget deficit of $500 million and there is talk of City Hall asking the business community for even more revenues and tax increases. Your BOMA San Francisco Advocacy Team will continue to monitor any budget news emanating from City Hall and report to you for your feedback and suggestions.
No comments:
Post a Comment