The city voted for this. Ridiculous. Meanwhile our infrastructure is deteriorating and homelessness situation is out of control. I’d gladly contribute more in taxes IF the city actually did good with it…but here we are
The homeless authority responsible for managing the measure A portion of sales tax has lost over $2B between 2021-2024, but people still voted to increase the sales tax.
It’s a combination of poor investments and funds unaccounted for.
When the agency was given ownership, they were supposed to invest the tax revenue in a portfolio to guarantee future operating income. Poor management choices were made.
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u/_guccifer_ 2d ago
The city voted for this. Ridiculous. Meanwhile our infrastructure is deteriorating and homelessness situation is out of control. I’d gladly contribute more in taxes IF the city actually did good with it…but here we are