For each year. So, the guarantee does not change above 15. Im not certain if im clear on that, but i excuse me . If i may through the chair, its the up side potential that changes. So, the guarantee is for the contract plus up to 15 wraps. If we authorize more wraps, we share in that revenue. As you heard, the up side in a Previous Year was pretty significant and a lot of that due to the wrap. So, theres up side potential that we would be foregoing should the number be lowered between 30 and 15. Below 15, that would change the guarantee and thats something that we would want to renegotiate. Above 15 could mean substantially more revenue . Right. So, anything above 15 we share in the up side potential of and, really, the market would drive how much that revenue would be. How many buses he do we have in our city completely . So, we have a little more than 800 buses and 151 light rail vehicles so close to a thousand vehicles. So, we have close to a thousand vehicles and were talking about
The status quo is simply not working and with that, colleagues, i ask for your support. Thank you. Supervisor yee. Thank you. Colleagues, i think the conversations that we have had in the last few weeks have focused on the concerns that i have heard from my district and that i continue to have with this legislation. As president chiu said, this is a complex issue and i dont believe in the one size fits all approach that this legislation takes in legalizing shortterm rentals. We have zoning laws that allow certain use he in specific areas for very good reasons. Whether we are talking about formula retail controls or our recent discussions about pinball machines and video game arcades, and planning the Planning Commission and the board of supervisors have always considered the individual needs and characters of neighborhoods. I cannot support this legislation in this current form because it does not provide that nuance and thoughtful approach that i think is needed. I also think that we
Likely its estimated 50 million over the next three years. Its also a fact that our legislation affirms our Tax Collectors ability to collect all taxes from individuals and hosting platforms, including back taxes. And i want to thank our Tax Collector for issuing a Statement Today to reiterate that, to say xi quote, no existing or proposed laws such as this one in any way alters these tax obligations, including the obligation to pay unpaid, i. E. , back taxes. ~ and i quote its a fact that the Tax Collector has already been using its authority to collect these taxes on shortterm rental activity and has made paying those taxes easier by allowing individuals and platforms to file online. Its also fact that our legislation does nothing to stop the Tax Collector from pursuing back taxes. The Tax Collector has full authority to enforce the business and tax code and as all of us know here on the board, the Tax Collector does not release information on who has paid these taxes because that in
All taxes from individuals and hosting platforms, including back taxes. And i want to thank our Tax Collector for issuing a Statement Today to reiterate that, to say xi quote, no existing or proposed laws such as this one in any way alters these tax obligations, including the obligation to pay unpaid, i. E. , back taxes. ~ and i quote its a fact that the Tax Collector has already been using its authority to collect these taxes on shortterm rental activity and has made paying those taxes easier by allowing individuals and platforms to file online. Its also fact that our legislation does nothing to stop the Tax Collector from pursuing back taxes. The Tax Collector has full authority to enforce the business and tax code and as all of us know here on the board, the Tax Collector does not release information on who has paid these taxes because that information is private to ensure compliance. Its both legal and required common practice for tax entities. These are the facts. Now, there are m
Literacy services to break inter generational cycles of it literacy. There is also project money which is a great innovative program, learner driven approach to Financial Literacy in our communities ~ and the wednesday night readers project Read Book Club that promotes the joy of reading to new readers. The city and county of San Francisco has been pleased to recognize and honor the staff before, but i think on its 30th anniversary, i think its really fitting that later well have a resolution in honor of project read that well vote upon. But i think in todays Board Meeting commending them is appropriate as we celebrate the 30 years. So, before we close well be declaring hopefully with a unanimous vote december 10th, 2013 as project read day in San Francisco. I wanted to thank marisa [speaker not understood] for writing the great article the day after thanksgiving that gave a human side [speaker not understood] who the amazing tutors are and who makeup the program as well. So, tonight 3