Tumlin will talk about this, but last week we did have a press event with supervisors peskin and preston announcing that we will be delaying our fare increases. Obviously when we were voting upon that fare increase, we could not have understood the magnitude of what was before us and not to mention we didnt really have a path forward in being able to fund the operations, so i want to thank you supervisors peskin and preston for working with us to come up with solutions which i cannot tell you what they are today. But to look at how we can fill those funding gaps which primarily effect us in year two of the budget cycle, not so much in year one. That will be coming back to us in the future. And also with that we will not be having a Charter Amendment related to sfmta. Thank director tumlin for his work in working with the supervisors, and just say it was a pleasure to be there to represent the board last week at kirkland lard. And with that, i will turn it on to the next item. All right
Interest in the work and participate in development on city properties. If there is a presentation or discussion from city staff, we are welcome to hear. Good monchish supervisors. Mike martin. Thank frz the opportunity to speak today. Im going to speak a little about our work with public lands for Housing Program which focused on enterprise department. I think it share as lot oof the objectives of this legislation and i appreciate the reference to the sort of dmunty work we did with that program because it shows up in the thipging behind this legislation so well run through that real quick and here to answer any questions. So, just a real quick backdrop, i think everyone knows the facts. The economy is moving. This chart shows the labor force over the last 15 years. The important line is the blue line in the middle, it shows increasing the employee to residence by over 20 thousand in just the last year and this is over 60 thousand more than the peak of the. Com boom in 01 so we are a
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