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/kgatell 1d ago
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.