the bells to city hall, if you do not want to. ranked choice voting is unique. you have to essentially count all the ballots, because it is possible for a candidate to win at every single precinct, but when you some the dallas together, somebody else wins. i find one litmus test is if you talk to a voter and describe the system briefly and then ask them to explain it to you -- that is a good indication of the simplicity of the system, if it is intuitive. most people are familiar with yelp ratings. they tend to assume you are adding up the points. whereas with rent-choice voting, if i talked to the average person and say, "describe the other rhythm," -- algorythm," people think

it is weighted. they cannot explain the system. >> good afternoon again. eric burke, san francisco green party and the local group our city. thank you for studying this issue. i do find it a little unfortunate that advocates improve the voting systems like ninth choice and others being presented by members of the public would be at odds with each other on this stuff. i think once we gets done -- once we get done studying it, as we evolve through the way we study voting systems, we can get better. ranked joyce has been in place in many places, including other countries. it has been shown to be effective. i personally follow every election very carefully, and have never seen anything alarming about ranked choice

which made me think the person who was best for that community and who they desired to vote for was not being put in office. it looks to me like it is a system that works but could be improved. i think that is where we need to head with this. to some extent, like what is being proposed by some of the other advocates, if we had a rented choice system in which folks could rank all of their candidates in the election with little bauble dots -- you have seen the chart from steven hill. by the way, if you are not talking to steven hill yet, please do. he is the granddaddy of ranked joyce in san francisco. this does not have to be complicated. if somebody came up to me and asked what an algorithm was for the voting system, i would not have a good answer either. i understand what an algorithm is. i think we can all work together

on this. eventually, 20 years down the line, we can optimize our voting system to be incredible. right now, we have a pretty decent ranked joyce -- ranked choice option. let us improve the system. as we project what is likely to happen in the future, let us look at what will allow us to place more than one choices on the ballot. that will make a major improvement in our ability to make ranked choice much easier for voters to use, because it would give them a chance to write everything i like, and not just two or three candidates. let us make sure we do not drop

the ball in getting rid of the campaign financing problems. let us make sure we solve that. that directly messes with french choice as well. -- with ranked choice as well. chairperson campos: public comment is closed. any other questions for mr. fried? if not, thank you for your work. we look forward to continuing to hear from you and get updates. hopefully, you can get any relevant information from some of the folks who spoke. thank you very much. if we can have this matter continued to the call of the chair -- a motion by commissioner avalos, seconded by commissioner mar. call item no. 5, please. >> item number 5, goals and objectives for 2012.

chairperson campos: ms. miller? >> nancy miller, your interim executive officer. there is a short memo before you to remind you that lafco has the power to conduct special studies. while we tend to get focused on cca and some of the other issues, the point of this is just to remind you that you have the power. if there are issues or other services that you want to direct us to explore, that is really our purpose. this item was put on to the direction of the chair, to remind you this is a power to conduct studies of municipal services solely by lafco. chairperson campos: to add to that, besides community choice aggregation, in the last year or so, we have looked at the issue of garbage disposal and transportation.

we also now are looking at the issue of voting. if there are any other issues that you think this commission could look that, we have the opportunity to do that. that is not something we have to do our decide today. but we wanted to make sure we reminded you of that opportunity. supervisor avalos: thank you. i appreciate the reminder about what lafco can do, in terms of research. i think i might want to look at, not just for today -- i will just broach the suspect -- broach the subject. i am looking at municipal banking in san francisco, and how we might be able to use the power of research and study with lafco to look into what ways we can enact and support san francisco. the treasurer has talked about doing these grants to local

credit unions and local community development financial institutions, about $250,000 to support projects they work on. i think that would be something worth looking at. we can go offline and talk about how to engage that. we have in terms that are also interested in working on that. perhaps we can study the scope of work we can do through lafco. chairperson campos: thank you, commissioner avalos. supervisor mar: i wanted to say i strongly support research in that area as well, looking at municipal banks in other jurisdictions, statewide and local jurisdictions, and how they have managed to control municipal banking institutions as well. chairperson campos: i want to echo that as well. i think it is a great idea.

beginning a preliminary discussion of that topic, also keep in mind that not only do we have the benefit of having lafco staff look into that issue, but, to the extent that there may be a need to have an outside expert that has specific expertise in the area, we also have the ability to retain that, if that is inappropriate step to take. we have that ability. and i trust that we will hear from commissioner avakis ab -- avalos and mr. fried, if we get to that point. unless there is a question from staff, why don't we open it up to public comment? >> good afternoon one more time, commissioners. san francisco green party and our city. definitely want to step up and time in in strong support of

studying what it would take to create a municipal bank a and/or potentially regional bank. lafco is all about regional municipality relationships. it can be a really powerful opportunity for the bay area, in consultation with occupy, to get some great stuff to happen with municipal banking. it is a great idea to put some city funds into credit unions instead of big wall street banks, and community banks. however, those credit unions and banks are still somewhat at the mercy, because of their size and where they invest, to investing in a market that is still doing the stuff that we would want to try to get our banking away from. yes, credit unions and local banks are great. but a true government-owned municipal bank, to me and to the green party, is definitely crucial. we need to make that happen.

i want to time in one more time, since we have another commissioner who has not been here recently. we have got to get -- hopefully, right around the time that clean power sf gets approved in the sfpuc, which will probably be sometime in the fall, we really need to get on city-wide broadband municipal fiber-optic. that also dovetails with the smart grid we are going to need for community choice aggregation for clean power sf. i want to say that one more time to make sure that is in the queue for the end of the year. chairperson campos: thank you. is there any other member of the public would like to speak on this item? seeing none, public comment is closed. colleagues, if we can continue this item to the call of the chair, we will bring this item back as the need may arise.

we have a motion by commissioner avalos, seconded by commissioner pimintel. >> item 6, executive officer's report. >> form 700's are done -- are due, and we will be in contact to make sure those are on file. chairperson campos: any member of the public who would like to comment? seeing none, public comment is closed. >> item 7, public comment. chairperson campos: this is an opportunity for any member of the public to speak on any item within the jurisdiction of the local agency formation commission that is not otherwise on the agenda. seeing none, a public comment is closed. >> item 8, future agenda items. chairperson campos: colleagues, do we have any other future agenda items? i know we have covered some new

subject areas for us to focus. is there a member of the public would like to speak? seeing none, public comment is closed. call the last item. >> item number 9, adjournment. chairperson campos: meeting adjourned. thank you very much. >> thank you very much for that kind of deduction. good morning, everyone. i want to thank john, wade,

steve, and the entire chamber for the invitation to address you. i know i am the last speaker, and after that panel i am eager to have to go back to work. sarah, thank you. cady, and george, very appreciative of the dialogue. as you can tell, when you hear about all of that, i could spend hours going through all of the tech companies what they are trying to do. ultimately, it is about job creation, and i get excited about that. it does keep me getting up very early, murder this of how i get there. if i can create one job every day for somebody here in san francisco, that will satisfy me greatly. guess what? there are hundreds of thousands of jobs at stake. i will continue to make this my mantra because i think it is the right thing to do for a great city. i want to also acknowledge the members of the board of supervisors here today.

they were announced earlier. we all work as a team and it has never been about the mayor, him or herself, and i have learned that working in concert with the board that we have clear tones of communication, making sure that we speak more and more in the language that is important for this city. language and policies and ideas that create investor confidence in this city. that is what i have been talking about more and more. we have got to have a city that is investment-confident, that one -- that one does not have doubt. if it is your family, small business, someone joining another one's business, we have got to have that level of confidence to see things through for you, so your investment is one that is positively welcome, taking care of, and prosperous. that is how we get to the theme

of today's breakfast of prosperity and sharing of that prosperity. i want to take a moment to thank my friend john. he has been at the helm of the chamber for the past few years. he has been an important aspect of the work that i have done over the years. as you know, i started at the human rights commission and then i went to purchasing, which was the most fun i have had. who could not have fun buying a billion dollars in supplies every year? then the former mayor brown gave me the heart to work in public works, engage in conversations with everyone about what was wrong with our streets and making them right. it was in that toughest job that i had that i have a lifelong

friends, people who care enough about the city that picking up somebody else's trash is nothing when you can work together and dream about how better the city can become. i want to recognize john because he is one of those few people who i can properly engage in trash talk and still talk about the city in a positive way. thank you, john, for your wonderful service. [applause] when i came to all of you a year ago, san francisco's on the planet rate was 9.5%. we just heard a fantastic presentation by j.p. morgan and their analyst as to how we come about in making that change. at the time, we faced a $380 million budget deficit, and we were struggling on how to meet the increasing cost of our pension and health-care obligations. remember that discussion about

our pension? we have come a long way. it is not even mentioned anymore but it is still prevalent, and so are our health-care obligations. one year later, our city, the supervisors, mayor, elected officials have all come together with the help of great city department leaders that are also here today doing everything we can to make sure that we tackle the pension issues and make sure that our budget is balanced. more importantly, we put people back to work. that is the most important thing all of us have joined together in doing. in the last 12 months, guess what we have done? we created jobs for an additional 17,300 san franciscans, bringing our unemployment rate down from 9.5% to 7.6%. that is in just one year. thank you for your help on the [applause] at.

-- for your help on that. [applause] two weeks ago, we got another piece of positive information, news on the economy. our revenues became $129 million in greater, than projected in the first six months of the fiscal year. that is wonderful data for san francisco because, guess what? for some years now, it has been deficit, deficit, deficit, no increase, no revenue, and all of you know how wonderfully negative that discussion has always been. now we have some positive light. i stand before you today, just a year in office, in my first year as mayor, to say that the

economic recovery is under way, it is a real, and economic policies and strategies we have pursued are working, and they are working well. our city could not do this without the partnerships of many of you who are here today. san francisco is back on track and but we must stay the course. what i mean is, even though our revenues have surged from the economic growth that our tech companies have provided, a traditional companies that have been here for so many years. by the way, let me do this. i have been known as the attack may year -- tech mayor. how one thing that i have come here with, puget you have always been excited for the city.

we come to you. you helped us on a tremendous number of thing last year. i want to thank all the members of the chamber as well. whether it is a wells fargo, a pg&e, recology, the numerous sponsors that continue to come here, you have been part of the life blood as we welcome in the clean technology and biotech. you want to make sure that we are growing a family steeped in tradition of people that love this city, that love every neighborhood, and who have experienced all the great positive dialogue, but have also been concern about negative dialogue, sharing in every aspect of the city has. i know many of you have joined with me some weeks ago when we celebrated the 50 years of tony bennett and his wonderful song. we have much more to celebrate

in the coming years. i hope you all join the chamber in making sure that we share this prosperity. having said that, knowing that our economy is improving, i want to make sure you know i will be at the home with the board, making sure we are not tempted to return to spending habits and short-term choices that got us into trouble in the first place. we have two-year budgets, a renewed sense of obligation and responsibility, talking about our infrastructure, things that allow our tech companies to be successful. we have to solve some serious transportation issues in the city, and that is why at risk in and i spend hours saturday morning at a technology hackathon. not trying to create a new application but try to solve some traditional problems with our taxis, making sure that someone can get a taxi, rather

than waiting in being frustrated, another aspect of our transportation issue that we would try to get solutions to. more than ever, we have to double down on reform, on innovation, an investment. that is why i will continue to announce we are the innovation center for the whole world, right here in san francisco. soon enough, there will be cited to reflect that in the city. we had to break with some traditional things from announcing that in the most broadway, letting everyone know that this is the center for a lot of things to happen. reebok to keep that innovation strong, keep the dialogue, as the panel has been talking about, keep salesforce growing, twitter growing here, keeping us all engaged as technology helps us to solve many of our problems, and finding solutions that we have not thought about.

once and for all, we must treat government and our responsibility as mayors, as families do, find savings where we can, reduce unnecessary spending, and importantly, in best. invest in our people and our infrastructure. as said earlier, i will continue to talk about jobs. i do not care if i'm called the most boring guy that got one thing. i will repeat. i come here every day to the office asking whether or not i created another job for somebody else. when you learn about the statistics that sf city is sharing with us, if it is jobs for seven siskins, it is worth to get up early for, sacrificing late-night meetings, working on the weekend -- except my golf. [laughter] we are attracting tec, biotech,

clean tech. we are supporting local manufacturing. we are going to be making more things. fashion is coming back. technology with passion will be an exciting areas that we can hopefully unleashed soon. i will also tell you this. there are areas that we do not pay attention to that are not only stable, increasing, and wonderful when you hear this, but did you know -- and i got this from the recent reports from our hospital council recently -- did you know that our health care industry in san francisco generates economic impact of over $15 billion a year? our own health care industry. 99,000 jobs. that is a huge contribution to our economy. i do not want them to be silent any more.

our health care needs are important, and we will be getting that cpmc job done very shortly, wade. [applause] with our elected officials and board, we need to continue to reform the peril tax. we have got to incentivize businesses to create those jobs. -- payroll tax. the conversation in the board has been very good because we have not forgotten those that are not skilled as well as others. we have got to get that employment training center up, we have to invite those who are living in the tenderloin, amid market, south of market, the traditional groups that have struggled, they have identified issues in the past, the digital divide. they were not caught up to the lunch alt -- level of education and technology they needed to be. we have got to help our returning veterans get those

skill sets. people who are in the middle of their careers get those skills sets. that is why employment training is so important. we need a stronger training partnership. we also need private and more public investment in our schools. i will be talking a lot about that with the new president of our school board norman yi, carlos, organizations at the school board. i will be talking about how our schools can participate in this employment training and make sure there are generations of kids who do not lose hope in this city, do not look elsewhere when the best jobs are created right here. all i have to do is do their part. when they do that and complete their job education, that will be there for them. i want to say one thing about our infrastructure, something that i want you to remember as you leave today.

i just want to mention something about hetch hetchy. some people out there are suggesting we can tear down that dam and still survive as a city. i want to let you know, as insane as it is, it is, in fact, insane. [applause] there will be some leaders that approach you, others around the city that suggest tearing down hetch hetchy is a good idea. they will start talking about water sustainability issues. but know this. not only do we have the cleanest water, not only have we spent serious amounts of money upgrading seismically the whole system to deliver that clean water, but it is also one of the

strongest clean hydroelectric power sources, it infrastructure, that any city across the country has had. i want to make sure you know that as this public dialogue begins. do not be misled on the discussions by people who will connect something that we want to have, which is sustainable water, but not by tearing down our dam. finally, i want to end with a discussion on america's cup. yesterday, we made the announcement that pier 30 and 32 are no longer part of it. i think the public discussion and discourse around the investments that we do need to rebuild the piers, including the horrible conditions at 30 and 32, it got away from the focus, which should be on hosting the

34th america's cup, one of the greatest sports event we will see. it will probably be the only international sporting event and all of 2013 in any part of the united states, and it is coming here to san francisco. it will be a blend of technology, with boating, will be viewed by new technologies to introduce us to generations of new sailors, and using our waterfront and bay in the right way. i spoke to larry ellison directly for a good few moments. we reiterated our excitement about the race. it is on for this year for the smaller boats, next year for the larger ones, and we do expect hundreds of thousands of people to come to our city. we have figured out, through the work of the event authority and host