Changing and colleagues, can we take that same house, same call . Well take that without objection. Oh, the house has changed so well call the roll on rescind the votes on items 5 and 6. On the motion to rescind the vote. Commissioner kim did you want to Say Something or and schelgz has left so then ill withdraw he had voted on those items; right . So the motion commissioner tang do you agree to that okay. The motion is withdrawn. Item 11. Public comment. Any Public Comment . Thank you, thank you the state of mercy to see everyone equal and one body in leadership so as one can have a full heart of selfcontainment once isolation of good cause could be served a dream would come through because of the mercy one engages of coloration or selfimprovement in all realistic aspects avenue their works selfcult vacation of works of true heart and selfdirection and good experience for a extension of aids to the brothers is true mercy. Okay any Public Comment . Seeing none, Public Comment is closed
Thorough review and we agree with their recommendation as well. Thank you. I had one question. There was a section that budget Analyst Report highlighted which basically said that the requirement or part of the agreement also indemnifies the puc for costs that may result due to bawscas erroneous determination of the surge charge that the taxexempt bonds are taxable unless deemed taxable due to the pucs violation of the certificate. Im just trying to understand what that means. What that means is just like when we sell bonds were required to use the bond proceeds for eligible uses. So the tax certificate that is before you today says that the sfpuc will provide the best efforts to depend taxexempt proceeds on capital eligible spending which is why the spending plan on one of the slides specifically lays out how were using taxexempt bond proceeds. So we follow our best efforts and review those and the city spends the money consistently and the bawsca would members would indemnify us. See
Why dont we open up the item for Public Comment . Anyone wishes to speak to item 5s and 6 . Seeing none, Public Comment is closed. Okay and so we have got a motion to separate budget analysts recommendation and the language as read into the record for item 6. We have that motion and do that without objection. On the two underlying items as amended, do we have a motion . Approve with recommendations. We have got a motion to send both of those items forward as amended to the full board with recommendation and well do that without objection. Thank you very much. Item no. 7, ordinance amending ordinance no. 16512 annual salary ordinance to reflect the addition of five positions in the office of treasurer and Tax Collector for the implementation of proposition e and the gross receipts tax. Would you call item no. 8 as w. Item no. 8, ordinance appropriating 1,566,145 from the general Fund Reserves so to the San Francisco department of treasurer Tax Collector for gross receipts tax implementa
Thank you very much for taking up these items. And i did want to, before i get into this presentation, thank the mayor and particularly the mayors Budget Office and controller and his economic team, as well as the City Attorneys office. President chiu, supervisor farrell and supervisor avalos. I would like to give a brief overviewhoun it changes things fort taxpayer and how the office of treasurer Tax Collector interacted with the public. The ordinance was passed on november 6th. And it does not apply to the 2013 or prior tax years. And just for your information, tax year is january 1 through december 31. And that affects our payroll expense tax, as well as the new grot gross receipts tax. We will be collecting register fees that affect the 1314 fiscal year. So if gets collected in advance. Payroll expense taxes are over a calendar year and they are filed in arrears, although we do make we ask that the taxpayers make quarterly payments. So the changes to the gross receipts tax and payr
Appropriating 1,566,145 from the general Fund Reserves so to the San Francisco department of treasurer Tax Collector for gross receipts tax implementation planing for fy20122013. These two item goes hand in hand. So we have, i believe greg cotto from the treasurer Tax Collector to present on these two items. Good afternoon, supervisors. Thank you very much for taking up these items. And i did want to, before i get into this presentation, thank the mayor and particularly the mayors Budget Office and controller and his economic team, as well as the City Attorneys office. President chiu, supervisor farrell and supervisor avalos. I would like to give a brief overviewhoun it changes things fort taxpayer and how the office of treasurer Tax Collector interacted with the public. The ordinance was passed on november 6th. And it does not apply to the 2013 or prior tax years. And just for your information, tax year is january 1 through december 31. And that affects our payroll expense tax, as wel