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No job loss from Prop. C — but plenty of benefits

September 28, 2018

By Tim Redmond : 48hills – excerpt

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Report by city economist directly contradicts the Chamber of Commerce, shows that Prop. C will reduce homelessness and improve the city’s business climate

Proposition C would have a huge impact on homelessness in San Francisco and cost the city so few jobs that there’s no credible impact on employment, a study by the city economist shows.

The study directly contradicts the arguments of the Chamber of Commerce and the city’s Office of Economic and Workforce Development, which are claiming that the tax increase on a small number of business will lead to job losses for the middle class… (more)

At the same time, the report says:

  • The expected reduction in the number of homeless people in San Francisco can be expected to improve physical and social conditions on the city’s streets.
  • Anecdotally, these “quality of life” issues have an impact on the perception of the city held by tourists, commuters, and residents.
  • While these issues have not led to citywide increases in residential or hotel vacancy rates, both of which remain at or near all-time highs, it is reasonable to assume that an increase in perceived attractiveness of the city would lead to higher hotel rates, residential property values, and perhaps commercial activities in retail areas currently impacted by homelessness… (more)

 

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