Re:San Francisco proposes “IPO tax” on eve of Uber offering
by pcwalton on Thursday May 09, 2019 @09:38PM
(#19874317)
The top-line figure of the SF budget is misleading because it includes the SFO airport. This arrangement is unusual in the United States. Chicago operates ORD and MDW out of a separate budget, like most US cities do [1].
Notice the large difference in the size of Chicago's enterprise budget [2] and San Francisco's enterprise budget [3]. SFO is considered part of the enterprise budget of the City and County of San Francisco, but it's a separate fund entirely for Chicago.
(As an aside, this setup means that the mayor of San Francisco doubles as the CEO of the SFO airport, which is also unusual.)
Notice the large difference in the size of Chicago's enterprise budget [2] and San Francisco's enterprise budget [3]. SFO is considered part of the enterprise budget of the City and County of San Francisco, but it's a separate fund entirely for Chicago.
(As an aside, this setup means that the mayor of San Francisco doubles as the CEO of the SFO airport, which is also unusual.)
[1]: https://www.flychicago.com/business/CDA/factsfigures/Pages/f...
[2]: https://budgetblog.ctbaonline.org/chicagos-city-budget-101-5...
[3]: https://datasf.org/blog/unpacking-a-10-billion-budget/