apply to elections for local school and community college board members. number the election of state or federal officials. ranked choice of voting does not affect the adoption ballot measures. when voters received their ballot, either at a polling place or an absentee ballot in the mail, it will consist of multiple cards. voters will receive cards with contests for federal and state offices, as well as for state propositions and local ballot measures. for ranked choice voting contest, voters will receive a separate ranked choice ballot card. it will have instructions to rank three choices, which is new. the ranked choice ballot is designed in the side by side column format that lists the names of all candidates in each of the three columns. when marking the ranked choice ballot, voters elect their first

choice in the first column by completing the aero pointing to their choice. for their second choice, voters selected different wind by completing the arab pointing to their choice in the second column. for their third choice, voters elect a different candidate by completing the arrow pointing to their choice. voters wishing to vote for qualified write-in candidate can write it in on the line provided. and they must complete the arrow pointing to their choice. keep in mind, it voters should select a different candidate for each of the three columns of the ranked choice ballot card. if the voters elect the same candidate in more than one column, his or her vote for that candidate will count only once. also, a voter's second choice will be counted only if his or her first choice candidate has been eliminated. and a voter's third choice will be counted only if both his or

her first and second choice candidates have been eliminated. we have talked about how to mark the ranked choice ballot. now let's look at how ranked choice of voting works. initially, every first choice vote is a candidate. any candidate that receives a majority, more than 50% of the first choice to vote, is determined to be the winner. if no candidate receives more than 50% of the first choice votes, a process of eliminating candidates and transferring votes begins. first, the candidate who received the fewest numbers of first choice votes is eliminated from the race. second, voters who selected the eliminated candidate as their first choice will have their vote to transfer to their second choice. there, all the votes are recounted. fourth, if any candidate receives more than 50% of the votes, he/she is declared the

winner. if no candidate receives more than 50% of the vote, the process of eliminating candidates and transferring votes is repeated until one candidate has a winning majority. now let's look at an example of an election using ranked choice of voting. in this example, we have three candidates. candidate a, b, and c. after all the first choice votes are counted, none of the three candidates has received more than 50%, or a majority of the first choice vote cast. candidate a g-205% ofb the votes% received 40%. and c received 35% of the boats. because no candidate received a majority, the candidate who received the fewest number of first choice votes, a candidate a, is eliminated from the race. voters to pick a candidate a as

their first choice candidate will have their but transferred to their second choice. and the voters to pick and a, 15% chose candidate b as their second choice, and 10% chose c as their second choice. these votes are then applied to b and c, and the votes are recounted. candidate b now has 55% of the votes. candidate c as 45%. candidate b has more than 50% of the votes and is determined as the winner. >> thank you for watching. we hope you have ranked choice learned ranked choice of voting and was elected. you have seen the ballot, learned how to market, and learned how the voting process works. if you have any further questions about ranked choice voting, please contact us at department of elections, city hall, room 48, 1 dr. carlton be

good lit place, sentences go, california, 94102. or 415-554-4375. visit our website, www.sfelections.org.

>> this is where it techs started and this is where we lead from. it is with great pleasure of publicly announce -- i publicly announce the expansion into an additional 50,000 square feet of offices. [applause] we have quickly proven our ability to build a thriving and profitable ecosystem of some of the best tech startups in the world. these are our next generation of stars. this will be the center of

epicness in san francisco, the place for tech entrepreneurs to build their dream with the support that san francisco has to offer. i was greatly encouraged when the mayor came to meet the company's. it would appear in the industry -- any industry is in need of support and lack of disruption. your support shows needed political support for the technology industry in san francisco. thank you for that. ladies and gentlemen, allow me to introduce our mayor, ed lee. [applause] >> thank you. congratulations.

it is a wonderful building you have here. it is more than just a building. this building houses some of the smartest people you could find in technology. that is what san francisco is trying to do. we're trying to attract the best talent in the world to come here. whether it is from u.s., canada, or spain, the companies are coming here because they know where the talent is to be found. this is a tech-friendly city that will do everything it can to support technology growth because the real challenge is our future. we're still very strong as a city in tourism from all over the world. we will continue being strong in that because of our natural beauty, the commission of

tourism and travel. there is another reason why people are coming to this city. a lot of other cities have build them in terms of creating jobs and having a stable economic foundation upon which to grow. for me, that is what i have been all about in my administration. what began with a conversation earlier this year with a company called twitter about their needs have us sit down with them. i went to their offices. i chatted with their seceo and cfo. the managers left the room and let me speak to the engineers, people such as yourselves. i asked what they really needed

to stay here. they said they loved the diversity and culture. they wanted more biplanes -- bike lanes and infrastructure to support their lifestyle. they wanted help with the challenging payroll tax. they gave me input at the engineering level and from the management level. we went on to make a pretty historic decision to make sure a company like twitter would grow from 250 people to the expected up to 3000 people in the next two and a half years. that is the vision we shared at that moment. it is beginning to happen. it is the same thing with zynga.

we were one of the only cities taxing stock options. we dealt with that. we have been demonstrating we want technology companies to grow. this is the innovation ecosystem we want to create. we will do everything possible here. as duncan announced earlier, a rocket space is one of a number of technology companies locating here. over 4.5 million space of office -- over 4.5 million feet of office space has been leased this year. of that 4.6 million square feet, 1.6 million square feet have been leased by technology

companies. tech leasing has become our basic business in san francisco. it is the bundling of services that come with the space. it is the smart way of doing things. if cities are going to survive, they have to be smarter about it. they have to reach out to new technology. i have to keep changing government to make sure we are business-friendly and doing smart things. rocket space has an earthquake-safe building. then you start seeing the technology businesses. everybody is innovating in this building. they are innovating with great ideas.

whether it is travel, financial , were just better ways of doing business all over the place, we have so much innovation going on. i have gotten innovated and inspired. i am happy to be here and congratulate you for a great offering of this building and the expansion that is coming on. i want to thank all of the ceo's for the innovation you are bringing to san francisco. my next visit is going to be in the bayview. there is great hope in the city. high-school kids are wondering what their futures will be like. maybe they see blockages, lack

of income, less opportunity. when i have the opportunity to talk with them, i will say there are jobs at twitter, and new companies, stay the course. get your education. be dedicated. we will be there to deliver the jobs for you. the technology companies are here to stay. this will be our future. someone suggested this might be another bubble. i do not think so. people are interested in forming long-term relationships with the city. they are looking for talent. they are not only starting here, they are growing and staying here because the talent keeps coming. i will do my part to and still -- instill hope in youth.

you will do your part by starting, growing, and stayed. >> good morning. how are you? wifi working? you're not a way get. we are going to wake you up. i am pleased to open today with a special interview with the mayor of san francisco. please welcome mayor italy -- mayor ed lee.

[applause] >> good morning. thank you for making it out here. you are currently the mayor of san francisco. >> interim mayor. >> and you are running again in november. >> that is right, november 8. >> the mayor's microphone is not on. we have teams of people to fix this. perhaps one of your opponents is backstage even as we speak. >> good morning, everyone. [applause] all right. >> we will start over. you are currently the mayor of san francisco. >> yes, i am. >> and you're running for mayor

as well. >> yes, and voting day is november 8. >> you have to be a san francisco resident to vote for you. >> correct. >> it audience, raise your hand if you're a san francisco resident and a leader and that you are a registered voter. leave your hand if you're going to vote for the mayor. [laughter] that is everybody. amazing. it was unanimous. we also have people watching on tv, but they cannot raise their hand -- well, they could, but it would not be seen. this is my question. i cannot find any evidence that you have ever run for anything before. are you a politician? have you ever run for something? >> no, this is the first time i have run for public office. the last time i ran was in high school. >> personally, i find that to be a huge plus. let's talk about the high school election. i think it is relevant since it was your last. what did you run for? >> senior class president of

franklin high school in seattle, washington, where i grew up. >> did you win? >> yes. >> also, that is good. how did you win? during the campaign, did you go negative? how much did you raise for that campaign? >> [laughs] think my slogan was ed win, not lose. >> keep it simple. i think that is pretty awesome that you have never run for office. it gives you a perfect street. >> i have been working in san francisco government for 22 years. i worked for four different mayors and headed up five different departments of the city. >> some of the work you have done has been hugely positive, which is why we made a priority to invite you here. one of the things we have been focusing on at tech crunch is the problems with the payroll tax system in san francisco from a tech company perspective.

twitter and a lot of these companies are getting larger and threatening to leave the city because the 1.5% payroll tax in this weird stock option tax. talk about the things that you and the board has accomplished. >> certainly, when i came to office, there was already a notice on my desk that twitter had indicated that they were looking for space science out the san francisco because of our tax structure. so we worked quickly would supervisor kim and david chiu to study it the payroll tax structure was job-punishing. we realized that as companies started here, they wanted to grow. the numbers were speaking to us. twitter was sitting there were going to grow from about four hundred employees took maybe 3000 in the next two years. all of that was going to be taxed on them, and they wanted to maybe look at another location without that. >> so it twitter did not want to

pay taxes. >> no, there were willing to pay the taxes, but they did not want to be punished further growth was the distinction we wanted to make it a we work with supervisor kim to do two things. let's create an exemption and place it on one of the areas we want to revitalize, and that is midmarket. we went from 10th street, included parts of the tenderloin, and traded a six- year exemption in which it twitter said, that is attracted -- attractive enough, and they ended up signing a long-term lease. they and the shorenstein properties are getting their buildings ready to be retrofitted for seismic safety. >> this is on new employees with in a special area. >> that is right. >> and they have other employees outside of that area, and they will pay the normal payroll tax on those. >> that is right. if they are located in that

area, than those net new employees will be exempted. >> do you believe twitter would have left the city had you not come up with a compromise like this? >> yes, it was serious on their part. we met at their offices were there at today. in net -- in addition to meeting the cfo's and ceo's, i asked if i can meet with the employee is separately. they allowed me to do that, i asked what they liked about the city. one of the things they said to me was they enjoy the diversity that the city has, all of its culture and arts, but i really like is dedicated bike lanes. they really want not to have to drive to work. we have been working very hard on that. >> they ask for anything else? >> they asked that our city keep its innovative spirit. i think a lot of the young workers here -- >> anything specific? like, i would like you to promise me the giants will win

the world series every year that your mayor. can you promise that? >> i could do it with a few miracles for the next 15 games. i would love to promise that. we will have to depend upon some miracles to happen, kind of like last year. >> so you cannot promise that. >> i cannot, but i would love to join in on the miracle trip. >> do you have a chief logger position? because i am currently out of work. [laughter] i do not even need to be paid that much. i could be your blogger person. would that be a problem? >> that could be a different position we can create. aid is new media. >> i do not know what you said. i think you said no. i do want to get back to the tax issues, because it is a very serious. i am amazed that with the

disliked for business that i see what some supervisor's in this city, i am amazed you're able to work out a compromise at all, even for six years. was it difficult? >> i do not think it was that difficult. we had to get past the direct blast the rhetoric. people have seen companies to grow big and not contribute. >> and there was a lot of rhetoric. >> yes, and we just appears to through that. the number-one thing we have to do is create jobs. we have to see how we can attract business, make investment to get the appropriately turn so that more jobs are created. i want to make sure that companies start here, stay here, and grow. the way to do that is you sit down and talk with the technology ceo's and cfo's and the workers themselves to find out what it is that makes them want to stay here. you work on those things.

whether it is bike lanes or exemptions, taxes, even learning about the stock options and how that was going to hurt. >> the stock option part of this is a little different. for example, zynga is not in the exclusion area, correct? >> that is right. there on thompson street. >> said it will continue to pay payroll taxes. >> yes. they just moved in, and they could not offer a different move to midmarket, but they're going to grow and are about to turn public. they were explaining to us, this is how we start in growth, and if you're eager to punish us on taxing our stock options as they make us profitable, not only will the investors away, but i think the company will disappear. we had to pay attention to that. that is a story that came out of tech crunch. we realized stock options was

part of the compensation we were taxing. we had to pay attention to how the companies are growing here and make a distinction. we were able to do that was supervisor mirkarimi and supervisor farrell's leadership at the board, to pay attention to that specific idea. the board of supervisors and the mayor's office got together to offer that six-year exemption there and not tax stock options for six years. >> he had the tax exclusion area, which cuts out payroll, the payroll tax for new employees -- is that permit? >> six years. >> and you also have a six-year exemption on this 1.5% stock option tax. >> and that this city-wide. >> and that keeps zynga here. >> them and others that are about to go public. >> you have done everything. there's no more to do. >> no, no, there's plenty more to do. in fact, what we have started as

an ongoing competition with technology companies. that has been exciting to me, because the more i learn about the technology companies, companies that started up here, people who want to disrupt the way we do media and increase the value of their companies, we need to learn about that. the city government is still -- i mean, i have got the privilege of working with our young supervisors who are energetic and want to understand how we grow our companies here and how we make sure we make the decisions at city hall to allow the to stay here and grow. that is the number-one thing here. it is not just ending. in fact, the payroll tax exemption for six years on midmarket was just the beginning of that discussion. what we have promised to deliver is within the next year, to revamp our whole payroll tax and possibly to get rid of the payroll tax. >> i mean, really? the board of supervisors -- i am not going to say their communist, but they're certainly socialist. and they dislike everyone. [laughter]

so they talk about twitter. twitter should give us all of their revenue because we give them the privilege of existing, etc. it is almost that rhetoric. i do not know how you, as a normal human being, what into a meeting in say let's cut through the rhetoric and have a discussion about the economic impact of twitter leaving the city. those people did not seem to understand that. >> and i think we are having much more civil discussions about how businesses start and grow and what our obstacles are to get rid of to allow the growth to happen. the other part of it is that those jobs are coming right to san francisco residence as we speak. twitter, 35% of the jobs they have currently are san francisco resident. and more to come. as we talk about their building and as we work with shorenstein and we realize that they want to go gold platinum on that building for this indication, they're doing the best they can

to retrofit the building. the jobs that will be offered in the building from building maintenance, janitorial work, architecture work, a lot of jobs will be part of that. >> and it is pretty clear. even though they're not paying payroll tax for these supplies, the economic benefits of them -- >> are huge. today, this year alone, we leased out 4.6 million square feet of office space in the city. 1.6 million of that was technology companies using that space. >> can you put that into context? how much office space to tech companies currently have? >> there's 1503 technology companies in the city today, and they employ just south of 28,000 employees. that is a huge, huge market. >> sounds great. thank you very much. >> thank you. [applause] >> i do not live here. if i