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A comment on San Francisco’s Sluggish Recovery Puts Its Top-Grade Credit Rating at Risk.

Re:San Francisco’s Sluggish Recovery Puts Its Top-Grade Cred... by Ancalagon on Saturday July 08, 2023 @12:36AM (#36641383)
Those damn tech workers. Stop working from home so much! How am I supposed to pay for all these pesky public services for all these pesky homeless when I can’t collect your gas tax?
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Re:San Francisco’s Sluggish Recovery Puts Its Top-Grade Cred... by rhaway84773 on Saturday July 08, 2023 @12:46AM (#36641418)
SF spends about 650mm/yr on homelessness in its budget.

I very much doubt that nearly rounding figure expense has anything to do with this.

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Re:San Francisco’s Sluggish Recovery Puts Its Top-Grade Cred... by kelnos on Saturday July 08, 2023 @12:54AM (#36641454)
SF's budget is around $14B (or at least was last year); I don't think 5% is small enough to qualify as a rounding error.

(Regardless, presumably the GP comment was sarcastic.)

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Re:San Francisco’s Sluggish Recovery Puts Its Top-Grade Cred... by arcticbull on Saturday July 08, 2023 @01:08AM (#36641515)
Wow that's crazy. Canada's capital, Ottawa, is similarly sized (about 800K-1M depending on how you slice it) and has a budget of just 5.5B CAD or 4.14B USD. [1]

What in the fresh hell are they spending 3.5X Ottawa's budget on? Surely not street cleaning.

[1] https://ottawa.ctvnews.ca/2023-city-of-ottawa-budget-passes-...

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Re:San Francisco’s Sluggish Recovery Puts Its Top-Grade Cred... by Gareth321 on Saturday July 08, 2023 @01:15AM (#36641543)
[This article](https://www.city-journal.org/article/where-has-the-money-gon...) paints a picture of gross mismanagement and largesse.
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Re:San Francisco’s Sluggish Recovery Puts Its Top-Grade Cred... by Ancalagon on Saturday July 08, 2023 @04:13PM (#36648256)
Funny thats nearly the budget shortfall described in the article. (albeit for a 2 year period instead of 1)
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Re:San Francisco’s Sluggish Recovery Puts Its Top-Grade Cred... by arcticbull on Saturday July 08, 2023 @01:05AM (#36641502)
Even if you work from home in SF your employer still owes the SF Prop C gross receipts tax. Wild eh? City already lost Stripe, Square and PayPal to it.

I think SF suffers from its own type of 'resource curse' [1] where like Venezuela and its oil, city leadership takes incredibly for granted the continued presence of tech in the city and just runs it into the dirt.

[1] https://en.wikipedia.org/wiki/Resource_curse

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