That's a lot more money than the city would see from any of Newsom's proposals.
• Proposition B would create thousands of new jobs. Building a new terminal at the airport attracts big national construction companies. Affordable housing in a much more home-grown operation. The nonprofits that build below-market housing in San Francisco hire local construction workers, at union scale; that money stays in the economy. Affordable housing also helps stabilize and upgrade neighborhoods, adding small business and cultural institutions that create more jobs and economic impact. "It's a monster source of jobs," Rene Cazenave, who is working on the Yes on B campaign, told us. In fact, Prop. B alone would create a lot more jobs than the mayor's entire economic stimulus plan.
• Propositions N, O and Q would save jobs. As the city's budget deficit continues to grow, Newsom is talking about cutting more services and that means cutting public sector jobs. Many of those workers live in San Francisco; eliminating jobs hurts the local economy. Prop. O would prevent the city from losing $80 million in tax revenue every year; Props. N and Q would bring in millions more. That would save jobs and help stave off a deeper recession.
• Preserving an independent board will keep Newsom's worst economic policies in check. If supervisorial candidates Sue Lee, Joe Alioto, and Ahsha Safai win in Districts 1, 3 and 11, Newsom will have a loyal majority and the city's economy will be in trouble. The mayor of San Francisco is a Democrat, but his economic policies are much closer to what John McCain is proposing and they won't work. San Francisco needs a strong independent board to keep asking the tough questions and demanding alternatives. It's critical to elect Eric Mar, David Chiu, and John Avalos in those swing districts.
There's so much at stake in this election. Vote early, vote often, and vote all the way to the bottom of the ballot.