Stay updated with breaking news from Hotel bed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Then pound appound again. You will hear the meeting discussion but yo you will be md ied listening mode only. Call from quiet location and turndown your television and radio use or submit by email to marrtotothe committee. Please note this meeting is recorded will be available at sfgovtv. Org. Would you like me to call roll . Yes, please call the roll. roll call . All are present. We have a quorum. Welcome everyone to day one of our city, our home oversight committee. We will move to item 2. Do we have any Public Comment at this time . Members of the public who wish to comment should call 4156550001 access code 1460283650 and pound and pound. If you havent done so please dial star three to speak. A system prompt will indicate you have raised your hand. Wait until you have been unmuted. You have three minutes. Checking the list now. There are no callers. Thank you. We will move to item 3. Approval, with possible modification of the ....
Are been institute, this runs an hour. After recordbreaking declines in Economic Activity in the Second Quarter 1 45,020 we are going to be 25 vote in the Second Quarter. For people who are still struggling to climb out of. What is written about the cake shaped recovery, workers at the low Income Distribution who dont have option to work from home and for whom federal help is already taken away. As we see with fewer workers buying lattes, any service that depends on a smile, what does that mean for revenue . One estimate suggests in high rent districts, employment is at 45 so we have my colleagues and i, for cities and looking at how it depends on revenue structure and exposure to covid19, federal and state policy response. If i could get the next slide plea ....
We should not lose sight of what that means for people who are still struggling and the fact we still have a very deep hole to climb out of. The socalled [inaudible] workers at the low end distribution hedonic options to work from home and federal health is already fading away. Nasa been said about what this means for cities and as we see hollowed out downtowns with your workers coming in, buying lattes and what 115th congress has called any service that depends on a smile what does that mean for city revenues . One estimate suggests especially in high rent districts, employment is still at 45 of precovid levels. We arere about to explore the sinks a bigger graph of blog, my colleagues have a blog looking at what this means for cities and look at how really depends on state revenue structure, well exposure to covid as as the highly uncertain federal policy response. If i could get the next slide, please. There we go. The point of a blog is really going into this were a lot of things we ....
Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also hav ....