San Fran Supes delay storefront vacancy tax until 2022

San Fran is being depopulated.  If the virus did not kill business, then the riots and looting did.  Many of the restaurants in town are permanently closed.  Small business that depends on workers in the tall buildings will not open, since those employees are now working from home.  Yet, the City is still insisting on a storefront vacancy tax, now to be implemented in 2022.  That is enough time for property owners to sell out, at a discount, just to get something out of the loss.

“After the coronavirus pandemic shuttered San Francisco many businesses and sent the local economy into a tailspin, the Board of Supervisors voted Tuesday to delay implementation of the voter-approved vacancy tax on empty storefronts.

The unanimously approved one-year delay was proposed by Supervisor Aaron Peskin, who had introduced Proposition D, the storefront vacancy tax for the March ballot. The tax will now go into effect in 2022, not 2021.

This is how you kill an economy.  San Fran leads the way.

Supes delay storefront vacancy tax until 2022

Joshua Sabatini, SF Examiner,  6/9/20    

After the coronavirus pandemic shuttered San Francisco many businesses and sent the local economy into a tailspin, the Board of Supervisors voted Tuesday to delay implementation of the voter-approved vacancy tax on empty storefronts.

The unanimously approved one-year delay was proposed by Supervisor Aaron Peskin, who had introduced Proposition D, the storefront vacancy tax for the March ballot. The tax will now go into effect in 2022, not 2021.

The measure was seen as one strategy to address a proliferation of vacant storefronts in San Francisco neighborhood commercial corridors, despite a strong economy. The vacancies were blamed in part on landlords asking for exorbitant rents.

“I think we all agree that this global pandemic definitely is in the category of severe and unforeseen events that is throwing a wrench into the proper functioning of this voter approved tax,” Peskin said. “I want to reassure everybody that in time this vacancy tax will work precisely as intended when our economy recovers.”

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.

Comments

  1. San Fran Nan and Di-Fi need to think about exiting SF while they can still receive some value for their residences.

    Here’s a progressive thought. Why not just move all of the vagrants throughout the nine-county Bay Area into San Francisco since government can buy empty commercial properties that can’t be leased on the cheap, and provide for their every need? Most don’t own vehicles, so that would further perpetuate the dream of a car-free city.

    If they were given free MUNI, AC Transit, Valley Transit, SamTrans and BART passes, they could move around as they needed and pump up ridership for the various public transit agencies crying that ridership is on the decline.

    Whatever else they need: drugs, alcohol, food, medical care, etc., should be provided free in the true spirit of the social justice warrior manifesto. Oh, and pay every vagrant, without discriminating by color, reparations for the indignities they have had to endure, just as the BET president recently suggested.

  2. Well Gov Nuisance you got your way. Enjoy the poverty, the homeless in your multi million dollar hotels, the lack of tax as your personal spending money, enjoy the hole in the heart of your city for a train that you have already spent the money for and yet it’s still just a bad dream.
    You created your own mess. Now go clean it up. California residents are speaking loud and clear by leaving.

  3. Really??? says

    Here is thought Alcatraz has a whole bunch of housing. Give it to the nar-do-well’s, dump off food and let them fend for themselves. To get out they promise to not take welfare and live in the streets. Violate it and back they go.

  4. They killed the dog and now they wonder why he won’t

    fetch their paper.

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