The rush of money into city political campaigns was not just limited to candidates. Campaigns for several San Francisco ballot measures had price tags in the neighborhood of $1 million.
Based on recent filings with the Ethics Commission, the largest spending on ballot measures was for the $195 million parks bond and on the measure to replace San Francisco’s business payroll tax with a tax on gross receipts. Both campaign war chests were about $1 million.
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A breakdown of what San Francisco propositions passed and failed in the 2012 election.
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If approved by voters this November, San Francisco’s 30-year plan to fund affordable-housing development would undergo scrutiny every five years under a proposal headed toward approval by the Board of Supervisors.
Mayor Ed Lee’s Proposition C, the Housing Trust Fund, would change San Francisco’s affordable-housing requirements and sink more than $1 billion into housing construction and housing programs for the next three decades.
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Providing affordable housing in San Francisco for low- and middle-income people and families is a complex issue. There is no silver bullet that will solve the problem, but Proposition C is a step in the right direction.
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Mayor Ed Lee’s answer to the pressing need for more housing in San Francisco is November’s Proposition C, which would establish a housing trust fund.
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The City’s ever-escalating housing and rental prices, already some of the highest in the state, will continue to grow and challenge San Franciscans and their leaders in the coming years, according to new projections from a Wells Fargo economist.
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San Francisco’s most common type of infill residential developments were exempted Tuesday from The City’s affordable housing requirements as part of a deal to help ensure passage of Proposition C, the Housing Trust Fund, in November’s election.
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New life could be injected into the monthly snooze-fests at which the Board of Supervisors can ask the mayor questions.
In November 2010, voters approved Proposition C, which required The City to hold a monthly question time session but left the rules up to the board and the mayor. While most observers apparently viewed these monthly exercises as boring and scripted, it took until Tuesday to prompt serious calls for change.
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Although San Francisco voters significantly increased the pension contributions of city employees last November, the government’s pension costs are still expected to increase by almost 20 percent over the next 17 months. In November, city voters approved a pension measure that increases city employees’ pension contribution rate whenever the city’s contribution rate increases.
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The City could be facing an additional $60 million annually in employee pension contributions, due to the unpredictability of the stock market.
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URL: http://www.sfexaminer.com/topics/proposition-c
