[speaking foreign language] good evening im Jeffrey Tumlin San Francisco director of transportation. Welcome to the sfmta Budget Online open house. I know that this is very difficult time for all of us as the coronavirus situation unfolds. Were all thinking about how we keep ourselves and family safe, how we deal with our children at home and how to prepare for the financial consequences unfolding all around the world. Im grateful that you joined us at this time. We understand the challenge of having budget conversation given Everything Else that is going on. Yet, in order for Government Services to continue, Government Agencies need to have a budget. Were mandated by the San Francisco charter to submit a budget to the mayor of San Francisco and the board of supervisors by may 1st. A budget that is rooted in this agencys value. We understand that even if the mayor decides to use the Emergency Declaration to extend the deadline of our budget, we still need an adopted budget as a Referen
Good afternoon and welcome to the land use and Transportation Committee of the San Francisco board of supervisors for today, monday, february 24, im the chair of the committee, aaron peskin joined to my right by vicechair safai and to my left by supervisor dean preston. Our clerk is ms. Erica major. Ms. Major, do you have any announcements . Yes, please make sure to silence all cell phones and electronic devices. Completed speaker cards and copies of any documents should be submitted to the clerk. Items will appear on the march 3 board of supervisors agenda unless otherwise stated. Thank you. Can you please read the first item . Item 1 is a resolution authorizing assets from the office of Community Investment and infrastructure to the city and county of San Francisco. Placing parcels under jurisdiction of public works and Mayors Office of housing and Community Development and adopting appropriate findings. Thank you, ms. Major. As you will remember, for many decades in San Francisco, w
Of the right of way. So to take it a little bit further, once they accept, once public works accepts these as public rights of way, the assessment of 4,000 will go away . Not quite. Its a twostep process. But in essence you are correct. The first step would be for the city to accept these parcels from ocii but in doing so, they would still remain a private parcel in public ownership. D. P. W. Would have to take the second step and incorporate, merge these two lots into the right of way. And at that point, what you said is true, it would no longer be subject to the assessment. Do we know how long that process takes and whether public works has that on their list of things to do . Weve had discussions with public works. It is my belief that the first they are aware of this fact, and second it is my belief they plan to incorporate this into the right of way once accepted. There is a little bit of a technical issue, because streets and sidewalks have to be have to meet certain specificatio
When spring comes in. This is the first day of spring. Spring is a time that of renewal, rebirth, always a time of hope. So i think it is significant that we think about that today. We are in dead winter. We know this winter, what we are going through, is going to continue for a while. But we also know there is hope. And we know that spring will come. Spring will come to ohio and across this country and it reminds us of how good life is, and the importance of all of us to do everything we can to get through this and to move forward. There will be a new day coming. And if dr. Acton was right, we may see a baby boom. See a lot of babies born. Thans nothing more joyful the birth of a child. So we have a lot to look forward to. I want to thank all my fellow citizens in ohio. For what they are doing. Because it truly is a patriotic act, individual things that people are doing, what people are doing to help their fellow citizens, what they are doing to stay away from their fellow citizens. T
Romain, stocks rising and volatility dropping, so why now . Romaine the good thing, if you are looking for a Silver Lining here is we did not have huge price swings. We had up and down days with swings of 4 or more, something that has never happened since the great depression, so a day like today where we only lived half of a percentage point is considered to be a relief for investors. We saw volatility measures like the vix and volatility measures on other risk assets come down a little bit. They are still elevated on a historical basis, but by not having these swings it gives investors a chance to parse what the value of things really are, entryybe try to find an point. We saw sustained buying in the names that we used to see in the oldgrowth days. Some encouraging signs. Not a monster day. Not close to erasing the losses we have had, but a little bit encouraging today. Emily in the meantime, we are getting breaking news out of the fed, the fed saying they have seen an increase at th