I think we passed out the larger format of the budget people are rummaging through but let me begin as we often do with a slide that has become more and more familiar, not just to those who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop
Present. We have the minutes of the march 28 meeting for any additions or corrections or comments . I move the minutes second. Any Public Comment . Seeing none, all those in favor say, aye. [chorus of ayes. ] opposed, nay. The item carries. Next is opportunity for general Public Comments. This a chance for people to talk to the commission about rings that are within our jurisdiction but dont have to be on the calendar for the i have one speaker car. Mr. Bowman, is it . Welcome. Mr. Pres. , commissioners, general manager, i am chris bowman. Im a neighborhood activists. Im speaking about the groundwater project which was addressed at the last meeting, and i know commissioner caen and peter had some questioning, which i thought was very much spot on. When the word came out that in the chronicle last february indeed the city was can be lending groundwater with hetch hetchy water for roughly 60 of the city, i was alarmed by a couple of things in the article. One, about the fact that nitrite
Commission about rings that are within our jurisdiction but dont have to be on the calendar for the i have one speaker car. Mr. Bowman, is it . Welcome. Mr. Pres. , commissioners, general manager, i am chris bowman. Im a neighborhood activists. Im speaking about the groundwater project which was addressed at the last meeting, and i know commissioner caen and peter had some questioning, which i thought was very much spot on. When the word came out that in the chronicle last february indeed the city was can be lending groundwater with hetch hetchy water for roughly 60 of the city, i was alarmed by a couple of things in the article. One, about the fact that nitrites above the state level were detected in some of the wells that will be feeding into the water system. Secondarily, the Economic Impact on certain industries, like beer and coffee [inaudible]. So i address the issue with the [inaudible] president of the coalition for San Francisco neighborhoods. We addressed it briefly at their
Lets go to the back, please. Kyle with the brain corporation. In regards to the technological sophistication you touched on, social media campaign, have you considered given attention to crip toe currencies as a mean crypto currencies as a meens of financing. Yes. Just kidding. Absolutely. You know, were much like much like matt talked about a moment ago about prepaid card, the cryptocurrency, we as the United States government are starting to really take a look at the crypto currencies. I wont say starting to take a look, but were taking a look. Any source of fund, isil or any other terrorism group, whether its a criminal Organization International or domestic, we want to see how theyre funding, and any avenues whether its a cash courier or traditional financial institutions, as well as the cryptocurrencies. Crypto currencies allow a great avenue to transfer funds internationally with little or no oversight in many cases. So we are aware of that. Were tracking that. Any support that a