UPDATE - November 29, 2012
BOMA San Francisco Members:
The November 2012 election was one for the history books, with an African-American President easily winning a second term and a record turnout from voters nationwide. In California, Democrats took control of the state Legislature and win more seats in Congress. For folks in the commercial real estate industry, the prospects of a successful push by the Democrats for a split-roll property tax has our industry alarmed. If Proposition 13 is not dissected, there are sure to be other efforts to increase taxes on business properties.
At the local level, the clear winner was San Francisco Mayor Ed Lee, who scored 100% on all of the city propositions he supported or opposed. The city college parcel tax, the parks bond and the Housing Trust Fund measure passed. The Gross Receipts Tax measure also passed. Lastly, the measure to spend millions on studying ways to restore Hetch Hetchy Valley was defeated.
With regard to the supervisoral races, two progressive incumbents, John Avalos and David Campos, had no opposition and subsequently won their respective reelections. District 1 incumbent, Eric Mar, easily won reelection even though small business person David Lee, his BOMA supported challenger, ran a good campaign. BOMA’s support was principally channeled through our membership with the Alliance for Jobs and Sustainable Growth, a coalition of business and labor groups focused on creating jobs and expanding the local tax base. BOMA also supported Mike Garcia, a retired options trader and former member of the San Francisco Board of Appeals, for Supervisor in District 7. This seat will be vacated by termed-out Supervisor Sean Elsbernd, who had endorsed Garcia. Sadly, Garcia placed third, and the winner, Norman Yee, current Chair of the San Francisco Board of Education, inched out second-place union leader F.X. Crowley. A recount effort may occur in the near-term.
The only supervisor race that gave any encouragement to moderate voters was District 5, where London Breed, a native of the district, won in a multi-candidate race, against recently-appointed and current Supervisor Christina Olague. Olague had managed to alienate both progressive and moderate voters with her erratic positions on various issues. BOMA strongly supported David Chiu for reelection in District 3, as he has been an exemplary leader as the Board of Supervisors President, and someone who has successfully worked across the aisle to forge compromises and get things done. He won reelection easily.
In summary, our industry's results were mixed at the local level. Consequently, our political leadership believes that it's time for BOMA and its sister business organizations to do a better job of reaching out to San Francisco voters to educate them about the value we collectively bring to the City, its tax base, jobs, job growth, philanthropy, and opportunities for a brighter future. That will be no small task.
Original Post - September 26, 2012
The BOMA San Francisco Political Action Committee (BOMA SF-PAC) has endorsed candidates and taken positions on local ballot measures that will appear on the November 6, 2012 ballot.
In summary, our industry's results were mixed at the local level. Consequently, our political leadership believes that it's time for BOMA and its sister business organizations to do a better job of reaching out to San Francisco voters to educate them about the value we collectively bring to the City, its tax base, jobs, job growth, philanthropy, and opportunities for a brighter future. That will be no small task.
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Original Post - September 26, 2012
The BOMA San Francisco Political Action Committee (BOMA SF-PAC) has endorsed candidates and taken positions on local ballot measures that will appear on the November 6, 2012 ballot.
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