The 10year is yielding 0. 75 . Well continue to monitor that as well. We have a lot of guests today. Including dr. Scott gottlieb who will join us in a couple of minutes. J js cfo, the ceo of moderna, ceo of related companies and the ceo of zoom. All in the next three hours. Andrew an update now on the pandemic in the United States. Now more than 582,000 cases and 23,000 deaths. North has 96,000 cases and 10,000 deaths. New york governor governor cuome numbers appear to have knocked off in new york. It was an accomplishment. A heck of accomplishment those Health Care Workers for the rest of my life, i will say nothing but thank you to them. I was not sure if we could keep the tide from overwhelming our hospital capacity. They did there is going to be no ephany or morning headline that says hallelujah, it is over thats not going to happen. Well hear more from dr. Scott gottlieb about plans to reopen the country and more about Governor Cuomos gathering of states on the east coast to disc
At the pie chart to see the trends. Moving onto slide 13. The big take away, it turns to our sources and its contributed to Development Contributions to do this great work program. Really lessening the load on the tax increment. Drilling down to what is that tax increment from the source, where is that coming from . We have really the Straight Path throughs for the mission bay agreement for infrastructure and that tax increment for the folsom street and then that loan back to city. Moving on. You see 50 percent of the uses for housing, both for program work and other fees like we get like the ucff services and that will go back into the funds. We expect help from the Controllers Office to provide for additional saves, four to six million by 2018. More savings to the general fund. And just drilling down to the actual use of property tax, the new, new property tax. That 5 million, its nominal for rsp going on. In summary, slide 16, a slight increase but well the 3 percent cap on administ
Immigrant populations. It is just huge the effect that will be unleashed for the country and thats part of why you know business is so strongly supportive. I agree with that. I think the argument that were missing is an argument an economic argument that connects with the average american. Levels are low compared to theyre compared to the years carter was in office. What we need to show americans, immigrants dont take jobs away from American Workers, like some people think. They actually help create jobs, good paying jobs for americans. Thats an argument that resonates with americans. I think we need a populous economic message to American Workers to say look, dont fear immigrants. Theyre actually helping create jobs for you. If you have people in the kitchen, cleaning dishes it would be very difficult to create good paying jobs for waiters that are going to be taken, jobs taken by americans. This is a very Important Message that we have failed to make. And thats part of the problem we
The other is one time savings. This would allow an increase of 3,239 or 7. 2 percent in the department our total is 639, 963 in 1516 and of that amount, 574 are ongoing savings. These reductions would allow an increase of 4 million. Or 2. 3 percent in the department 1516 budget. Were work with the sheriff and well report back to the committee next week. Okay. Thank you. Supervisor breed. I do have a question. Sheriff, do you can you tell me whats happened since last year. I know there was a need for Mental Health services before the ma population and the jail, and can you explain to me what has changed because it doesnt appear to be something youre asking for for this fiscal year. I was going for more because i feel this is a population that merits more attention than i think the city is giving them. And we rely heavily on the Jail Psychiatric Services or jps which is top light work in the jail system but theyre under resource and under staff. It has been my impression although i was n
11 million in non housing funds for bond proceeds and ill touch on those again and then as part of this solution, we complete our obligation, Affordable Housing, significant assets, and those all get transferred either to the private development community, auction sale, pursuant to those contracts or in many cases, certain assets like gardens, south beach and completing those and transferring them to the city. Moving onto slide three, ttrends overall in our budget. Our total budget is 377 million. Its still 50. 6 ftes down from discollusion from two and a half years ago. That one time transfer to the city because of the steps through dissolution is complete. The issue is the Key Development in our areas and theyll be a lot of development fees, Land Transfers that will be pumped back into those Key Development areas, miss bay, trans bay. A third of our budget was for Affordable Housing, everything from 4 million homeless to working families. Because we have created that certainty, almos