the inclusion of the consumer price adjustment on registration fees, i will pass this onto ben rosenfield to talk about the adjustments to this measure. i want to thank the community labor coalition that came together to support the revenue generating measure that we have before us. i want to thank the business groups in san francisco and the mayor's office for the great work of bringing them together and bringing the adjustments we proposed to this measure that has gained their acceptance and work in a flexible way that we can move forward that will raise revenue in the city. a want to thank you for your flexibility. i want to thank jobs with justice, san francisco rising, the council of community housing organizations. this measure will complementary -- be complementary with our housing trust fund. part of the revenue that will be generated will be looking at ensuring we have a steady stream of funding for the housing trust fund. i want to thank supervisor or president david chiu for his work on this. our first discussion has -- as supervisors, changing the business tax structure came a

ben rosenfield and others. we have the opportunity of taking our business tax system which is an archaic system based on payroll which does have an inhibiting effect on job creation in san francisco. we also are -- we of the current extension of ipos. we are the -- we have a current extension of ipo's. this would elminate the taxation that occurs. it will happen if we don't make changes to the community. revenue generation is a vital part of what we want to do with our business tax especially in 2001, there was a change that happened when many businesses, some of the largest corporations in san francisco had settled to eliminate the gross receipts tax that had existed at that time. there are parts of the business community that are not paying the same kind of taxes they were in the past and it has created a hole. we would expect $40 million you're counting our financing for the settlement as well as inflationary measures. people would say our business tax has increased dramatically over the years despite the se