Proposition G is not sound fiscal management or good government. It's
the exact opposite. In fact, it motivates City Hall to overtax San
Franciscans and keep the money.
Proposition G says it "will eliminate double-digit spending increases".
Big deal! It allows City Hall to tax as much as they want. And the 5%
spending increase allowed under Proposition G represents nearly $250
million dollars per year. If politicians tax more than 5%, the rest goes
into their "Rainy Day Fund". Thanks Supervisors.
The Supervisors say the "Rainy Day Fund" is reasonable as other states
have them. Who cares? State fiscal irresponsibility is rampant. But in
Colorado, all excess funds go back to taxpayers. Now they have a stake
in their budget and are reducing spending. Colorado politicians can only
increase taxes and spending proportionally as income and population
grow. Our incomes and populations are declining but City Hall wants to
spend 5% more and keep the rest. Thanks Supervisors.
Proposition G says it provides "a cushion to City services" during
downturns. But where's the cushion for San Francisco's taxpayers?
Nowhere!
Supporters say it will reduce borrowing costs. Yet our bond rating is in
jeopardy because City Hall couldn't contain itself. Now they say they
want fiscal responsibility. Do I hear laughter?
Proposition G is nothing more than an authorization to increase taxes
and spending no matter how the Supervisors are trying to make it look.
Do you believe they've found fiscal religion? I don't think so. Tell
them that you will not be fooled by fake reform. Demand real
accountability and good government from City Hall. Send G back to the
drawing board. Vote for a fair deal for San Francisco tax payers. We
want less spending and our money back. Vote NO on G.
Michael Denny
Candidate for Mayor
Mike