this post was submitted on 17 Dec 2024
4 points (83.3% liked)

San Francisco

366 readers
20 users here now

founded 2 years ago
top 1 comments
sorted by: hot top controversial new old
[–] [email protected] 1 points 3 weeks ago* (last edited 3 weeks ago)

This one's going to be very important.

Segal sounds like a capable guy, but it's not clear what his capabilities in a turnaround situation are as all of the positions he held before were with stable companies, as opposed to a government with devastated revenue.

San Francisco will have to revamp its tax base from the ground up, because it was so dependent on the employment taxes and other spending that the now-decimated horde of downtown office workers generated.

And of course all that has to go before the Supervisors and ultimately to voters to change the tax bases, which isn't easy in California.