Bait and Switch is here.
By Emily Green :sfchronicle – excerpt
It seems like San Francisco — the center of the nation’s tech boom and the strong economy and tax revenues that come with it — went overnight from being flush to having serious financial constraints.
The combination of a ballot measure to increase the sales tax that failed, threatened federal cuts from President-elect Donald Trump and a projected $5 billion pension shortfall means City Hall officials are now considering actions that would have seemed unthinkable just three weeks ago.
Among them: redirecting new revenue generated by the just-passed soda tax from health programs to homeless services, ending the Twitter tax break that was designed to draw
tech companies to the city, annulling a voter-approved charter amendment to pay for street tree maintenance and not spending the money to make City College free.
“The city is in a strong financial position, and the mayor…
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