Of next year and then we begin to see some recovery across our different Revenue Streams next year. Our property tax is holding up well in the current year. We expect to see fines next year. And there are values involving the longer term. Business tax, theres a lot of inputs to what drives our business. But probably the single largest is represented to next year as kind of whats the underlying dimunition in payroll. Across the board here, if memory serves, this assumes about an 8 decline in gross receipts and payroll across our entire business tax space. Versus the current year. That is our current estimate, looking to cross industries. Well know more as we get additional Employment Information and see what is happening in months ahead by the time were back to you in august a. We should have a fuller picture. But that is our current assumption thats under this and then some recovery beginning in years after. Hotel, you can see on page 26 that we are assuming 163 million in Hotel Tax Re
Please call the phone line and make sure youre in a quiet location and that you mute any tvs, or radios. Item number one, call to order. role call . And we do have a quorum. Thank you. Well welcome to those who are watching this remotely. I hope you are all well at home. It imany are coping with lost js and keeping your family and children safe. Before we gip begin, i would lio thank the staff under the direction of bob beck who has kept the facility running and we appreciate your dedication and i know that several of you have had to be on site at the island on a regular basis. So bob, thank you in particular for your diligence. And also thank you one Treasure Island who has been coordinating with the San Francisco food bank for the delivery of free groceries for people who need it. Thank you to the staff and thank you to the San Francisco food bank and also, thank you to the School District for continuing to deliver meals to School Children on Treasure Island so they can eat three mea
Khan, and im San Francisco mayor, london breed, here to provide you with an update on what is happening with covid19 in our city. As of today we have 1,994 casis of those san franciscans who have been diagnosed with covid19, and sadly weve lost 35 people and about 70 people have been hospitalized, and as a reminder, we want to ask folks to visit datasf. Org covid19 for more information. I have a number of announcements today, and i am excited to announce some good news for a change. I know that last friday we made an announcement that on may 18 there would be a number of businesses, including florists and bookstores and cosmetic stores and other places that will be allowed to reopen for pickup and Delivery Services. And the good news is that is still happening. The even better news is that we are able to extend this to all retail in San Francisco with a business that is actually directly connected to the street. And so what this means now for our city is incredible because were talking
There are no active considerations right now to reduce the indiscernible 31 , excuse me. The point is that if you thought that equity returns were not so good tactically, you could sell the futures now and buy the long treasuries without going through the option business. You could rebalance the portfolio right now. You have the discretion to do that. Just like you had the discretion to go to 6 treasuries that you didnt do for whatever reason. Well, we look at it that we are defensively positioned right now. Okay. And you dont thank we need to become more defensive tactically in the near term . No, we dont. Okay. Because in your memo you have mentioned how in the markets went down a great deal in 2007, that everybody thought it was going to bottom out and it went down greatly again. So it can happen again. I think that you mentioned how in your career and probably amongst all of us here you have the longest investment career but theres other people who said no one investing today has e
Public health, dr. Grant colfax, as well as the police chief, bill scott. The director of the Human Services agency, trent rohrer, the director of housing and homelessness, Abigail Stewart khan, and im San Francisco mayor, london breed, here to provide you with an update on what is happening with covid19 in our city. As of today we have 1,994 casis of those san franciscans who have been diagnosed with covid19, and sadly weve lost 35 people and about 70 people have been hospitalized, and as a reminder, we want to ask folks to visit datasf. Org covid19 for more information. I have a number of announcements today, and i am excited to announce some good news for a change. I know that last friday we made an announcement that on may 18 there would be a number of businesses, including florists and bookstores and cosmetic stores and other places that will be allowed to reopen for pickup and Delivery Services. And the good news is that is still happening. The even better news is that we are abl