that's where prop 58 comes in. prop 58 recognizes the transfer between parents and children so that instead of taxing your children at that new higher level, they get to keep your lower prop 13 value. remember, prop 58 only applies to transfers between parents and children. here's how the law twines an eligible child. a biological child, a step child, child adopted before the age of 18, and a son-in-law or daughter-in-law. to benefit from this tax saving program, remember, you just have to apply. download the prop 58 form from our website and submit it to our office. now you may ask, is there a cap how much you can pass on. well, first, your principal residence can be excluded. other than that, the total tap of properties that can use this exclusion cannot exceed $1 million. this means for example if you have two other properties, each valued at $500,000, you can exclude both because they both fit under the $1 million cap. now what happens hwhen the totl value you want to pass on exceeds $1 million. let's say you h

that's where prop 60 comes in. prop 60 recognizes that seniors on fixed income may not be able to afford higher taxes so it allows them to carryover their existing prop 13 value to their new home which means seniors can continue to pay their prop 13 tax values as if they had never moved. remember, the prop 60 is a one time tax benefit, and the property value must be equal to or below around your replacement home. if you plan to purchase your new home before selling your existing home, please make sure that your new home is at the same price or cheaper than your existing home. this means that if your existing home is worth $1 million in market value, your new home must be $1 million or below. if you're looking to purchase and sell within a year, were you nur home must not be at a value that is worth more than 105% of your exist egging home. which means if you sell your old home for $1 million, and you buy a home within one year, your new home should not be worth more than $1.15 million. if you sell your existing hom

item nine is also prop 2 hearing on the closure of cpmc's alzheimer's closure. this was also presented at the july 17, 2018 meeting, and approval is requested. >> hello again, commissioners. so this next item is related to the closure of cpmc's alzheimer's residential facility program, which is the 24 bed program located at cpmc's california campus. information was presented to you july 17 about this change. and while cpmc has made a great effort to ensure the remaining residents who were left in swindell's were left with an alternative option to subsidize their cost at alma villa. we know this will result in a net loss of ten residential care beds for the elderly in the city. so there by, that will limit access to care for residents of san francisco, and so we do recommend that this will be a detrimental impact for health care services in the city. you have a draft resolution before you, 18-4, for your consideration. >> okay. again, i ask you to please look at the handout that we had to be sure that we have the final draft before us. we do have public comment,

and if it is, i'd like to know that, and if it's not, i'd like to know that, as well. >> the prop q process will not relate to the foundation because it's not covered as an acute care hospital. it's a separate organization, and so the jurisdiction that you have under the prop q process would not apply to a foundation. >> thank you. [inaudible] >> that is correct, and that actually was a point that we were going to make within a whereas, and i see that it didn't actually make it into the packet here. so if we were to move on this resolution, i would put back in the whereas, that, in fact, the authority to understand changes from the hospital will no longer -- well, that the -- by moving it to the foundation, then, the public scrutiny of hospital services, these hospital services would no longer be available to the public. >> so commissioner -- [inaudible] >> i would suggest that for a couple of reasons, one being that the transition of patients from an acute care administration to a medical foundation administration is still relative, particularly this large of a population and with

and prop 13 value. know that the value recessed when there's a change in ownership. a change in ownership means that the property has a new zoner. maybe through a -- new owner. maybe through a sale, a gift or adding or dropping names through title. at that time the home will be assessed a new market rate. that value becomes a new starting point for the property. just like before, the growth continues to be limited at 2% until the next transfer happens. remember, the new owners are responsible for paying taxes at the new level from the first day that they own it. value might also be added when construction happens on your property. that would be another instance when growth in your value might exceed 2%. here, we would add the value of construction on top of your existing prop 13 value. every july, we'll let you know what your assessed value is by sending you a letter called a notice of assessed value. you can use that information to estimate your property taxes early. please note that a separate office

so the final prop q item related to cpmc today is the management transfer of five outpatient departments from cpmc to sutter pacific medical foundation? these departments include the breast health mammography center at st. luke's pcampus, and outpatient psychiatry clinic at the -- its pacific campus. so commissioners, after the july 17 meeting, you all requested additional information about these changes which have been provided to you in a memo, and they are also summarized in the resolution 18-5, which are -- which is here for your consideration. i'll just quickly highlight a couple of the pieces of information that we're -- that was provided by cpmc. so cpmc reported that ofs 7,5 -- off the 7,500 patients that were affected by the transition to sutter medical foundation, 17% were medi-cal, 48% for commercially insured, and 43% were either medicare or self-pay or other. sutter pacific medical foundation has expressed its commitment to continue care for patients who are served at each outpatient department that cpmc operates today, and sutter pacific medical foundation has expressed its

so prop k, very high level approved in 2003. this is the expenditure that tells you what are the categories you can fund with prop k, the types of projects, who can request the funds, however revenue is expected to be generated over the 30 years, how much that revenue is expected to bring in on top of the prop k sales tax, $13 billion in additional funds. including projects like central subway, and itthe only other thing i'll add is the expenditure plan allows for the kmulgs accumulation of debt. we just issued our bond a year ago and we've got 14 more years in the program. the expenditure plan and the strategic plan requires a five-year plan. the board adopted the strategic plan baseline where we did a true up of the last 15 years, and how we expect things to perform over the next 15 years, we ran our financial model, and that's what ultimately tells us how much each category can expect to receive from their share of revenues peryear over the next 15 years. it does not tell you, however, which projects are going to receive thos

so please say no to prop 10. thanks. >> clerk: thank you for your comments. next speaker, please. >> good afternoon, everyone. my name is gloria. i want the supervisor to say no on proposition 10 because the publ publicly owner also need to protest. please say no to proposition 10. >> clerk: thank you for your comments. next speaker, please. >> hi. good afternoon. my name's winnie, and i'm a small property owner, and i -- i understand, you know, like, both sides. before i rent my house out, i didn't feel that way because i wanted to -- i treat them right. i treat them very nicely, and now, the rent regulation is getting worse and worse, and my -- my daughter -- even i gave a place for them to live there for free. they said mom, i want to get my house back. they took it back in february because they don't want it to get touf regulations. and they said i worked so hard to get my house and try to help me out, you know, something. but i want to go out, you work again, and you help me baby-sit. i'm retired already, so i -- also, my son already planned it, this sep

that is what prop ten is about. thank you so much, supervisor viewer for your support as a small landlord, for showing that small landlords can support prop ten. thank you so much to the gentleman who spoke earlier for saying that you are doing fine right now and that we can support renters in this moment rather than just supporting -- rather than only carrying about how much profit you can make. this prophetess profits -- pop processes about how you can support san francisco and the ability to pass the laws we need the ability to update our current conditions. versus the housing rules and regulations being controlled by an industry that only cares about profit and the big players in that industry. small landlords supposed us and homeowners support us and this is a city at 62% renters and for every renter in the city, please , please, support prop ten and vote yes on this resolution. [applause] >> good afternoon, supervisors. i'm with the council of community housing organizations. myself and a few others came from

. >> reporter: this new initiative will be filed today against prop 6 . it is the latest effort in repealing the higher gas tax that was approved by the legislature and governor latest -- last fall. they say getting rid of the higher gas tax and vehicle fees, california will be shortchanged billions of dollars that otherwise would have funded thousands of projects for the roads and infrastructure. more than 240 organization have launched a campaign to defeat what they call an attack on the safety of our transportation system. >> if prop 6 eliminates $5 billion in funding. threatening 6500 local bridge and road safety upgrades already underway. >> reporter: senate bill 1, the $.12 per gallon gas tax was passed and given governor jerry brown's stamp of approval last november. that's $.20 for every gallon of diesel. it was not put in front of the voters to decide. our state is in dire need of the money in order to fix all of our road issues. >> we have a huge public safety problem right here in our states. we have roads in disrepair. >> reporter: this new in

prop 215 has passed, prop 64 overwhelmingly in the sunset, all these things are true. we, i, reluctantly voted for what i said today in committee. i will call, i will -- i still call an interim moratorium in district 11 as it relates to the number of m.c.d.s or should they change over time, r he creational facilities in district 11. we voted for supervisor cohen's short 45-day time out and then this one is the next 1 down the road and collectively it looks like the san francisco board of supervisors is, looks like some kind of a bumpkin county. so i want to be perfectly clear so far as the words of the legal counsel of the appellant seem to come out the dark ages and come from the reefer madness days of 1930s, this is the last one. it's the last one in that district, and that district and apparently there is nine in my district, who knew. but we got to get this thing right. those are the words of the sponsor for item 25. supervisor peskin, who, during a seven and a half hour meeting on october 3rd regarding a c.u. appeal for the apothecary in sunset said in emphasis, h

also known as prop c. prop c was a precedent-setting ballot measure.for the public record i want to state that voter initiative means that thousands of voters' signatures were actually submitted and approved. the signatures are then verified by the department of elections to qualify and plan and place as a proposition on the ballot. the passage of the early education for all initiative is the largest local investment nationwide and i think san francisco should be very, very proud of that. the $140 million will grow and further develop the san francisco early care and education system. and will impact literally thousands and thousands of san francisco children and families, working parents and early educators. the legislation before you today is cosponsored by my colleagues. supervisor kim, ronen and cohen. what it is, it directs the office of care and education to create the 5-year spending plan in the process of community engagement, and the creation of the plan. however, before i go through the legislation, i need to highlight there are forces, namel

by way of background, prop 10, which was actually pu put on by popular signatures, hundreds of thousands of signatures throughout the state of california would repeal what i think was one of the more egregious pre 'emions of local prerogatives that was passed in 1995 and for over 20 years has deprived cities of the ability to even discuss potential tools to deal with local housing crisis. particularly in san francisco, where two-thirds of our residents are renters. i say that as a small, proud, landlord with rent-controlled properties in the city and county of san francisco. i know there is concern about vacancy decontrol but costa hawkins does many, many other things. it limits the period of time to which rent control can apply. cities that would like to extend rent control beyond a certain date cannot do so because of costa hawkins. it really limits local cities and counties from being able to implement a host of tools. i want to reiterate a vote for prop 10 is not necessarily a vote for expanding rent control or instituting vacancy control and while i happen to believe that rent contr

kim about one of the most pernicious aspects of costa hawkins and if that doesn't get you support prop 10, i don't know what will. i'll yield the floor to supervisor kim. >> supervisor tang is next on the roster. >> thank you, very much. i actually absolutely greece witagree withsupervisor pose kia conversation on this topic is important. that is i didn't suppose sorted the previous resolution before this pop decision even qualified for the ballot back then. that was before this board of supervisors. given that though, and now that proposition 10 has qualified, and knowing the district that i represent, it has been a very challenging conversation, especially as someone who has benefited from rent control as a tenant. i have cringed when i have even received rent increases of $50 a month. and i can't even imagine what people go through when they see their rent increase by thousands of dollars. however, in my role, i have to separate myself and personal experiences from my role as a supervisor. one of the things i come across regularly over the course of the years as a supervisor, is tha

the voters of san francisco who ensured that prop f became the law of the land. we are pleased the mayor is acting diligently to provide an immediate influx of $1.9 million to help keep san francisco tenants in their homes. we haven't seen the devastating impact the housing crisis is having in our communities for years. and we as a community have been failing to keep people in their homes. we know that evictions have been rising at a dramatic rate over the past five years. we know that land lords have been represented by attorneys at a rate of 6-to-1 compared to tenants. we know that having an attorney increases a family's chance of being evicted by over 70%. we know that being evicted from your home in san francisco means being evicted from san francisco. our family, friends and our neighbors are being pushed out of this city. we also know that protecting tenants preserves affordable housing. unfortunately, the united states of today is a place where is how much money you have dictates your access to basic human rights, including your rights to a home. san franc

turkey may push its interest rates above 20% today to prop up the plunging lira. live from london, that's our top story on thursday, 13th september turkey's president erdogan has called high borrowing costs the "mother and father of all evil" — but what can he do to save the falling lira if the central bank is forced to riase interest rates later today? and on the tenth anniversary of the start of the financial crisis, the former uk prime minister gordon brown tells the bbc that "we're sleepwalking into the next crisis". it's a more comofrtable start to trading today after a slight easing of trade tensions between the united states and europe. how to be hip. can global brands make themselves cool and appeal to a younger age market — just by hiring cutting edge film makers? we meet the woman who's made a business of connecting corporates with creatives. and south korea's mmilitary has revealed that a group of 12 college students tried to gain a huge amount of weight in order to avoid being selected for military service. for some it has been a successful move. today

my father is a prop k medallion holder, so it does affect me, too. it's not like i'm coming at it as clean, either. i do feel for the pre-k, as well, if somebody wants to pay me back, fine. but otherwise, i support these reforms. as far as s.f.o. meeting the demand, if the supply is ever low, there's an app that tells you the numbers at s.f.o. you can create a lot, kind of cliek when demand is higher -- kind of like when the demand is higher and we can call more guys in. i do feel sorry for the older guys. i think there needs to be something where they can keep their s.f.o. privilege possibly, but the situation is too dire, and we can barely breathe, we're sinking, we're gasping for air. we can't afford to pay these loans anymore. thank you. [applause] >> thank you. next speaker. >> good afternoon members of the board. the taxi industry is very bad right now because the uber situation and the lyft situation is the antitrust way to do business. if the m.t.a. and all the other businesses did the right thing at the right moment, if you know, we won't be

it's been 20 years since that prop passed. another fact is that it's been five years since the obama administration issued the cohl memorandum and it deprioritizing the enforcement of cannibas laws. another fact is that it's been almost two years since california passed the legalization of recreational cannibas. but cannibas is still a controlled substance, it's still banned at a federal level. we still have a two-tiered system between those with privilege and access and, frankly, those without. and as of last fall we have 14% of all cannibas retailers in san francisco grossing 63% of revenues. and so the absence much absencg system for cannibas means that the well-funded businessman have a leg up on raising money, access to capital, and on finding a location, a location specifically in the green zone. and also a leg up on getting their permits through what some people have described as fairly onerous process. and zoning restrictions mean that quite possibly it could mean that we're compounding the issues for equity businesses