I interpret this announcement as Breed recognizing many of her administration's policies have have a disastrous effect on the SF tax base, and for the tax base to return, she needs to clean up the city.
I'll be watching the numbers to see if the city can turn itself around.
A lot of the companies that went remote due to COVID or went to Miami due to politics will never go back.
1) San Francisco has suffered from a massive tech exodus during COVID and its lockdowns, exacerbated with many municipal policies:
https://sfciti.org/sf-tech-exodus/
2) The city has only been saved from deep budgetary cuts by a massive federal bailout:
https://www.sfchronicle.com/politics/article/Federal-stimulu...
Which is not a sustainable strategy.
I interpret this announcement as Breed recognizing many of her administration's policies have have a disastrous effect on the SF tax base, and for the tax base to return, she needs to clean up the city.
I'll be watching the numbers to see if the city can turn itself around.
A lot of the companies that went remote due to COVID or went to Miami due to politics will never go back.