This October will mark the 100th anniversary of the initiative process in California. It was launched in response to a perception that state government was under the control of the Southern Pacific Railroad in which “bribery was the accepted method of doing business in the state Capitol,” according to Ballotpedia.
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Supporting the America’s Cup race will be very expensive. Substantial capital expenditures will have to be made to upgrade San Francisco’s southern waterfront. This will occur when The City is projected to have large budget deficits due to underfunding of retiree pension and health care costs.
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The tepid tourism economy in San Francisco will receive a shot in the arm during the Indian summer, as large events and conventions bring visitors — and their money — to The City.
Keeping an influx of guests is important, since tourism dollars are one of the largest fillers of city coffers.
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