That we saw yesterday, increasing concerns about whether or not the fed is going to raise rates in june. Does the fed threat then rally . I dont think. So im not going to speculate on when theyre going to raise rates. The bottom line is you know theyre going to raise rates. It could be june or september, next year. What the real important question is what are you doing in the fixed income market if the feds raise rates you . Know theyre going to go up. Its just a matter of time. And i get very, very concerned about the 3. 5 trillion that is sitting in fixed income mutual funds as i look forward into a higher rate environment. They could be potentially at risk. Talk to me about stocks. Do you do anything differently with your stock portfolio . No, not at all. If you look at the market, i think the market is in great shape here. Reminds me of 1982 to 2000 market where it was up each and every year. Except for 1990 when down. 5 . One thing that you have to look at this market is theres no
Good afternoon, everybody rk welcome to the San Francisco board of supervisors budged and finance Committee Meeting for april 27, 2016. My name is mark farrell, i will be chairing this committee. I am joupbed by our Committee Vice chair, supervisor tang tank, 94 man yee and supervisors 94 man kim. Madam clerk, any announcements. Please silence any cell phones and electronic devices. Speaker cards and any documents to be included as part of the file should be submitted to the clerk. Actions taken today will appear on the may 3, 2016 agenda unless otherwise stated. We have 3 items here, we will be continuing the first two so we will be hearing from dcyf if you kault items 1 and 2 together and well continue them. Item no. 1, hearing to receive a budget updot from the department of Public Health from 2016, 2017 and 2018. Item 2, hearing to receive a budget update from the Human Services agency for fiscal years 2016 to 2017 and 2017 and 2018. Anyone wish to comment on items 1 and 2 that we
Chairing this committee. I am joupbed by our Committee Vice chair, supervisor tang tank, 94 man yee and supervisors 94 man kim. Madam clerk, any announcements. Please silence any cell phones and electronic devices. Speaker cards and any documents to be included as part of the file should be submitted to the clerk. Actions taken today will appear on the may 3, 2016 agenda unless otherwise stated. We have 3 items here, we will be continuing the first two so we will be hearing from dcyf if you kault items 1 and 2 together and well continue them. Item no. 1, hearing to receive a budget updot from the department of Public Health from 2016, 2017 and 2018. Item 2, hearing to receive a budget update from the Human Services agency for fiscal years 2016 to 2017 and 2017 and 2018. Anyone wish to comment on items 1 and 2 that we will be continuing. Colleagues, may i have a motion to continue items 1 and 2 to call of the chair. So moved. We can take that without objection. Item no. 3, hearing to re
May 20 agenda unless otherwise stated. Thank you mpt as we start our meeting i want to announce that todays meeting is broadcast on sfg tv by jesa larsson and jim smith. Item 1 is hearing to answer type 21 offsale license for west portal express. Thank you. We have a presentation from the police departnt and not sayingthank you, come forward. Usually in the bull pin isyou are up now. Good afternoon supervisors. Before we start if you can identify yourself sergeant [inaudible] San Francisco al unit. Thank you before we start the item there is one condition removed and that is number 2 so want you to know that in advance that item will be not be read into this report because we have removed it. That will bewell file or continue that . I gave copies for aench wn. Everyone. Okay. You have west porter daily x pres oallicated 36 west portal avenue. They apply frd a type twin license and this will allow them to sell off sale beer, wine and distilled spirit. Zeer letters of protest, zero lette
Everyone. Welcome to the San Francisco budget and finance Committee Meeting for april 27, 2016. Supervisor mark farrell i will be chairing this meeting. Im joined by supervisor katie tang. And supervisor norman yee . Madam clerk, any announcements . Yes. Please silence all cell phones and any speaker cards should be submitted to the clerk. Items acted on today will be listed on the agenda unless otherwise stated. Supervisor mark farrell madam clerk. Well skip item 1 until we hear from the board of supervisors office. Lets go to item two. 2. Clerk [hearing budget update Human Services agency fys 20162017 and 20172018] sponsor farrell hearing to receive a budget update from the Human Services agency for fys clerk [hearing budget update Human Services agency fys 20162017 and 20172018] sponsor farrell hearing to receive a budget update from the Human Services agency for fys 20162017 clerk [hearing budget update Human Services agency fys 20162017 and 20172018] sponsor farrell hearing to rec