commissioner chiu. >>daina chiu: thank you chair ambrose.ions derive from justin minardi's comments and i'm curious mister willett with regard to the fcp funding level that are lower than what the ethics commission haschosen for this new program , can you respond or share what the thinking was in terms of what factors you concerns in terms of starting the lineover there, i'm curious to how you would respond to that and if you can answer whether you think it should be higher . i just wanted to ask the question . >>eric willett: commissioner chiu, we established a penalty amount that were informed by the states program but then that was scaled up for consideration within san francisco's data , for instance thestate , the entire state not necessarily a major metropolitan areas discovering jurisdictions in all levels of government whereas ours is specifically san francisco so we used these state programs as a base and scaled it upwards based upon our own internal data that we have within the commission databases. and we feel that our program her

commissioner chiu, did you have your hand up? >> commissioner chiu: no. >> chair ambrose: commissioner bush, i hear you off the top of your head seemingly identify a number of subject matters that you think are interesting questions and would want to know if we can answer them, if not are these things we can delegate to the brennan institute or another organization to do discreet research. one of the ones in terms of finding out who permit expediters are giving their money to on third party basis. i'm not sure that's something that would be easily discovered even by a professional. in any event, i actually think subject to your being available to do it that given your long history with these issues, if you wanted to identify some questions that you like to know the answers to and then you and i can talk with director pellum whether or not these are things quick work within the scope of our existing and soon to be improved resources and something that some third party group might want to take on as a research project either at an

senator scott wiener will join david chiu and fill tank to lead the event at 9:15 this morning. david to his working to propose a statewide hotline to report and deal with hate crimes and they are proposing legislation for restorative justice programs and they want governor newsom to appoint an attorney general from the asian community. >>> in san mateo, they will introduce legislation condemning hate crimes and to establish that county as a zero-tolerance hate zone from daly city to menlo park. >> we expect action and tangible results and that means curriculum in schools and actions by policymakers. >> speakers and rallies over the weekend were fired up and they say they won't stay silent. a rally in san jose drew a crowd of about 1000 on the outrage was sparked by recent hate crimes against asian-americans and by the murders of eight people in georgia, six of whom were asian women. >>> in san jose, a retired police officer leads an effort to protect people, especially seniors, in japan town. he's launched a community patrol group for the area with volunteers patrolling to look

senator scott wiener will join assembly members david chiu and phil ting in leading the event at 9:15 this morning. david chiu is working with the aapi community to propose a statewide hotline for reporting and dealing with hate crimes and they propose legislation for restorative justice programs. the group wants governor gavin newsom to appoint an attorney general from the asian community. >>> san mateo county board presidents will introduce legislation condemning hate crimes against aapi and to establish the county as a zero- tolerance hate zone from daly city to menlo park. >>> there was a weekend of outrage sparked by recent hate crimes against asian-americans and by the murders of eight people in georgia, six of those asian women. a rally in san jose drew a crowd and speakers were fired up and say they will not stay silent. and also, a retired police officer leads an effort to protect people, especially seniors in japan town. he's launched a community of volunteers that will look for potential trouble and to record it for the police department. they will urge elderly people to be

visit ncicap.org] >>> today on asian pacific america, pacific islander issues, david chiu is here.growing up asia in america contest is here. scholarships for students competing in essay, art and video categories. find out how to enter. >>> then a previous winner will join us to show his latest project, petcode, an app to manage the life of your pets. >>> and finally, one of our favorites, yo-yo joe is here to show us the ups and down o

. >>> in the bay area, a state assembly member, david chiu, is working with asian-americans and pacific islanders to propose a statewide hotline for reporting and dealing with hate crimes. they propose legislation for restorative justice programs and they want governor newsom to appoint an attorney general from the asian community. >>> a rally in san jose drew a crowd of 1000 yesterday, calling for an end to asian hate. speakers were fired up and want no one to stay silent. >> hear us! [ cheers and applause ] [ bleep ] stop asian hate! >> we expect action and tangible results and that means curricuum in schools and actions by policymakers that say this is not okay. >> in san jose, a retired police officer launched a community patrol group to protect seniors in japan town. >> like most people, i was stunned and very sad and angry. as a police officer, my resolve built up to do something about it. the best way i could do this, as a retiree, is to organize these community safety patrols. >> the effort began saturday and volunteers are patrolling japan town to look for potential trouble and

san francisco assemblymember david chiu says that lawmakers can make a difference here. adding that fuels actively working to address >> through the state legislature. i'm offering a bill that would require for the first time a hotline for californians to call the california department of justice to ensure that we're tracking incidents of hate that we are investigating incidents of hate. >> and that we are following up to ensure accountability and also to make sure that victims are being taken care of. san francisco mayor london breed taking a moment during saturday's rally to walk around the corner and visit her kevin. chad. you know my grandmother raised and to has been heartbreaking chan owns golden gate fortune cookies company and was recently the victim of a hate filled voice message left that he shot. i know what kind of person he is. and he didn't deserve that. and i want him to know. >> that i stand behind him in the city supports him wholeheartedly. a movement picking up steam with the demand for action and an end to the in san francisco phillipe djegal all kron

assembly members phil ting and david chiu are not only working on legislation to fight hate crimes, but to also offer protections for asian and immigrant communities. >>> now in the south bay, citizen patrols officially took to the streets in san jose's japantown in response to the attacks on asian americans in the bay area. this two-person crew wearing red vests and carrying whistles started patrolling japan town as part of their midday shift. the creator of the patrol says he's gotten hundreds of inquiries from potential volunteers since announcing the patrols last week, and says after proper training, there could be as many as 10 to 12 roaming crews in rotating shifts. >> you know, whatever it takes for us to be a part of the solution and to look after our elders. that's what we need to do. >> although san jose police are not directly involved with the citizen patrols, officers are also patrolling japantown as part of the department's own program to increase foot patrols in heavily populated asian neighborhoods. >>> on pause, solano county wanted to be the first in california to vacc

michael spavor�*s trial — this is thought to be him joanna chiu is a journalist for the toronto starund', shejoins me now.china we have the chinese executive under house arrest in one of her homes in vancouver and on the other we have two michaels neither of whom had, until very recently, in public for over two years. is this china's way of doing democracy? i two years. is this china's way of doing democracy?- of doing democracy? i don't think anyone _ of doing democracy? i don't think anyone observing - of doing democracy? i don't| think anyone observing think it's china demonstrating democracy. they are accused of some cvs espionage crimes and for the trial to be over in two hours, that shows you what kind of trial it actually is it is a conviction rate across the country is 99% so most people will not be acquitted in china, virtually none. experts tell me that, if there is a verdict, they will definitely be found guilty. in this timing during the talks in alaska is no coincidence. china sees washington as having the power to end everything and to free them by dropping its extradit

senator scott wiener and assembly member david chiu spoke out against the anti-asian violence and discussed changes we need to do everything letterman trying communities to ensuring that we are investigating all incidents of to ensure that we're providing victims with the full panoply of services and support the making sure we're investing in the long-term. >> answers to this, which is up next. not which is sort of we had some of it has to. we need to move on all fronts at the same time in san francisco taylor kron 4 news. >> now let's go to the east bay and any act. police captured a burglar trying to hide from them on the roof of this business. he's. >> hiding right there in that little window right there. you kind of see a figure moving in there. police got called out after an alarm went off at the shopping center on contra, loma boulevard and when police arrived, well, they didn't find anyone. so what they did was launch a drone which is this video that will hang out right now and they found the burglar hiding behind an ac unit. the burglar eventually came down and then was taken to jai

. >> thank you, assessor chiu and we are honored that you are willing to take on this responsibility. i want to provide member of the public with information about the city administrator's office. they are responsible for overseeing animal care and control, the office of cannabis, the medical examiner's office, and the real estate division. the technology division. our community challenge grant, our grants for the arts program, the mayor's office on disability, risk management, and all of the things, many of the things that make the city run and often times we may have an interaction with any of the departments and not necessarily fully aware that they are all within the scope of the city administrator's office. it is a major responsibility, one that i know you are up for the task. and i am excited and grateful that you are willing to put your hat in the ring and allow yourself to be nominated for such a position. so thank you so much again, aseser to -- thank you, assessor chu, and with that we can open it up to any questions. >> thank you, mayor breed. before we start the question a

san francisco assemblymember david chiu says that lawmakers can make a difference here. adding that fuels actively working to address >> through the state legislature. i'm offering a bill that would require for the first time a hotline for californians to call the california department of justice to ensure that we're tracking incidents of hate that we are investigating incidents of hate and that we are following up to ensure accountability and also to make sure that victims are being taken care of. san francisco. mayor london breed taking a moment during saturday's rally to walk around the corner and visit her kevin. chad. you know my grandmother raised and to has been. >> heartbreak chan owns golden gate fortune cookies company and was recently the victim of a hate filled voice message left that he shot. i know what kind of person he is. and he didn't deserve that. and i want him to know. >> that i stand behind him in the city supports him. wholeheartedly movement picking up steam with the demand for action and an end to the in san francisco phillipe djegal all kron 4 >

senator scott wiener and assembly member david chiu spoke out against the anti-asian violence and discussed changes we need to do everything letterman trying communities to ensuring that we are investigating all incidents of to ensure that we're providing victims with the full panoply of services and support the making sure we're investing in the long-term. >> answers to this, which is up next. not which is sort of we had some of it has to. we need to move on all fronts at the same time in san francisco taylor kron 4 news. >> coming up here at 08:30pm tonight. a member of the u.s. commission on civil rights will join us here live to discuss the rise in anti-asian attacks. >> a switch things up to talk weather this sunday night. a live look at san francisco, courtesy of the sutro tower camera. another picture. perfect day out side as we celebrate the second full day of spring. first full weekend of spring. now underway. and meteorologist rebecca strom joining us now with a look ahead. >> towards the work week. >> yeah. jonathan justine, it like it's going to be beautiful ball, if you'd like

assemblymember david chiu of san francisco says- he looks forward to confirming bonta to the position.heaid in a statement --"i could not be more pleased and excited for my good friend rob bonta. rob is and always has been a fighter for justice. i have no doubt he will use his authority as california's next attorney general to stand up for what is right and protect californians at every turn." along the peninsula today, san mateo city and county leaders gathered to ádenounce the recent violence against the asian american and pacific islander community. kron 4's charles clifford joins us live with their message, charles? they're working on some legislation to provide assistance to victims and also possibly create a hate crimes database for reference for law enforcement but for now in san mateo county. charles clifford kron 4 news, thank you so much, charles. also in the south bay members of the san jose police department. >> walking around the city's downtown district today. the goal of the foot patrols here was to connect with the community as the city prepares for more reopenings. >> sp

senator scott wiener and assembly member david chiu spoke out against the anti-asian violence and discussed changes we need to do everything letterman trying communities to ensuring that we are investigating all incidents of to ensure that we're providing victims with the full panoply of services and support the making sure we're investing in the long-term. >> answers to this, which is up next. not which is sort of we had some of that has to we need to move on all fronts at the same time in san francisco taylor kron 4 news or so. this is just the latest show of support for the a p i community. but despite the solidarity and increased police patrols. the attacks continue to happen here in the bay area and also across the country. joining us to talk about the crimes that have been happening. >> our political analyst michael yaki who also is a member. the united states commission on civil rights. michael, thanks so much. for spending time with us again here on kron. 4 news at 9. this to talk a little bit about the uprising that we are starting to see in these crimes is there you in the last ho

san francisco assemblymember david chiu says that lawmakers can make a difference here. adding that fuels actively working to address >> through the state legislature. i'm offering a bill that would require for the first time a hotline for californians to call the california department of justice to ensure that we're tracking incidents of hate that we are investigating incidents of hate. >> and that we are following up to ensure accountability and also to make sure that victims are being taken care of. san francisco. mayor london breed taking a moment during saturday's rally to walk around the corner and visit her kevin. you know my grandmother raised and to has been. >> heartbreak chan owns golden gate fortune cookies company and was recently the victim of a hate filled voice message left that he shot. i know what kind of person he is. and he didn't deserve that. and i want him to know. >> that i stand behind him in the city supports him. wholeheartedly movement picking up steam with the demand for action and an end to the in san francisco phillipe djegal all kron 4 >>

senator scott wiener and assembly member david chiu spoke out against the anti-asian violence and discussedhanges we need to do everything letterman trying communities to ensuring that we are investigating all incidents of to ensure that we're providing victims with the full panoply of services and support the making sure we're investing in the long-term. >> answers to this, which is up next. not which is sort of we had some of it has to. we need to move on all fronts at the same time in san francisco taylor kron 4 news. we are. >> there are growing calls this morning for the vice president and of the san francisco unified school board to resign after a series of old tweets resurfaced showing biases against the asian community in 2016 allison colless collins wrote several tweets accusing asian americans of using white supremacy to get ahead of their black colleagues. she also used a racial slur collins is addressing the claims by saying, quote, a number of tweets and social media posts i made in 2016 have recently been highlighted. they have been taken out of context. both of that specific

san francisco assemblymember david chiu says that lawmakers can make a difference here.dding that fuels actively working to address >> through the state legislature. i'm offering a bill that would require for the first time a hotline for californians to call the california department of justice to ensure that we're tracking incidents of hate that we are investigating incidents of hate and that we are following up to ensure accountability and also to make sure that victims are being taken care of. san francisco. mayor london breed taking a moment during saturday's rally to walk around the corner and visit her friend kevin. you know my grandmother raised and to see 2 has been. >> heartbreak chan owns golden gate fortune cookies company and was recently the victim of a hate filled voice message left that he shot. i know what kind of person he is. and he didn't deserve that. and i want him to know. >> that i stand behind him in the city supports him wholeheartedly. a movement picking up steam with the demand for action and an end to the in san francisco all wrong or >> and t

senator scott wiener and assembly member david chiu spoke out against the anti-asian violence and discussed needed changes. we need to do everything letterman trying communities to ensuring that we are investigating all incidents of to ensure that we're providing victims with the full panoply of services and support the to making sure we're investing in long-term. >> answers to this, which which is sort of we had of it has to. we need to move on all fronts at the same time in san francisco taylor kron 4 news. our state. >> time now is 7.35 growing calls this morning for vice president of san francisco unified school board to resign after a series of all tweets have resurfaced showing biases against the asian community back in 2016 alison collins wrote several tweets accusing asian americans of using white supremacy to get ahead of their black colleagues. she also apparently used a racial slur. now collins has addressed the claims by saying, quote, a number of tweets in social media posts i made in 2016 have recently been highlighted. they have been taken out of context. both of that specifi

san francisco assemblymember david chiu says that lawmakers can make a difference here.ing that fuels actively working to address >> through the state legislature. i'm offering a bill that would require for the first time a hotline for californians to call the california department of justice to ensure that we're tracking incidents of hate that we are investigating incidents of hate and that we are following up to ensure accountability and also to make sure that victims are being taken care of. san francisco. mayor london breed taking a moment during saturday's rally to walk around the corner and visit her kevin. you know my grandmother raised and to see 2 has been. >> heartbreak chan owns golden gate fortune cookies company and was recently the victim of a hate filled voice message left that he shot. i know what kind of person he is. and he didn't deserve that. and i want him to know. >> that i stand behind him in the city supports him wholeheartedly. a movement picking up steam with the demand for action and an end to the in san francisco phillipe djegal all kron 4 >>

first of all, i'm perfectly confident that the supervisors can walk and chiu gum at the same time. that's in response to previous callers who are worried that we're taking valuable time on this issue, as if we couldn't take up other issues at the same time, and secondly, i want to provide my strong support for this very reasonable compromise. the wheel was brought here for one year. it was not able to operate, except for 39 days, so let's give it the rest of the year in order to fulfill the contract that was originally agreed. that sounds quite fair to me. thank you very much. >> clerk: thank you for your comments. okay. operations, next caller, please. >> hi, supervisors. i live in district 10, and i'm in favor of more activities in the park and the ferris while. i think it's not a sane use of your time for the supervisors to be spending your time debating a ferris wheel when there's so much more to be done, whether that's opening a school or being a number of other possibilities as we have a closed society that is very broken in that way. what i'm really asking today is rather th

it was put forward by alex lee and co-sponsored locally by assemblyman david chiu and among other members in the california legislature. the groups that worked on this was housing clinic. what it does, it was an attempt last year and years before that to -- to require landlords that want to get out of the business to hold the properties that they have for five years at a minimum. -- 78% of evictions that occur are people that invoke that are doing it five years or less. over the years it's been used in speculative ways. i want to thank supervisor mandelman and walton. i'm certain many more of you will be involved and add your name as co-sponsors. this is something that's long overdue. it did not pass last year. so many different households are still under the threat of being displaced during this process. hopeful it will gain the momentum that can deserves. >> clerk: thank you. supervisor stefani. >> supervisor stefani: in 1928 iris was born in st. louis, missouri who immigranted from russia to the united states. at the and of 20, iris attended a group dance. paul moved to the u.s. iris a

it was put forward by alex lee and co-sponsored locally by assemblyman david chiu and among other members in the california legislature. the groups that worked on this was housing clinic. what it does, it was an attempt last year and years before that to -- to require landlords that want to get out of the business to hold the properties that they have for five years at a minimum. -- 78% of evictions that occur are people that invoke that are doing it five years or less. over the years it's been used in speculative ways. i want to thank supervisor mandelman and walton. i'm certain many more of you will be involved and add your name as co-sponsors. this is something that's long overdue. it did not pass last year. so many different households are still under the threat of being displaced during this process. hopeful it will gain the momentum that can deserves. >> clerk: thank you. supervisor stefani. >> supervisor stefani: in 1928 iris was born in st. louis, missouri who immigranted from russia to the united states. at the and of 20, iris attended a group dance. paul moved to the u.s. iris a

first of all, i'm perfectly confident that the supervisors can walk and chiu gum at the same time. that's in response to previous callers who are worried that we're taking valuable time on this issue, as if we couldn't take up other issues at the same time, and secondly, i want to provide my strong support for this very reasonable compromise. the wheel was brought here for one year. it was not able to operate, except for 39 days, so let's give it the rest of the year in order to fulfill the contract that was originally agreed. that sounds quite fair to me. thank you very much. >> clerk: thank you for your comments. okay. operations, next caller, please. >> hi, supervisors. i live in district 10, and i'm in favor of more activities in the park and the ferris while. i think it's not a sane use of your time for the supervisors to be spending your time debating a ferris wheel when there's so much more to be done, whether that's opening a school or being a number of other possibilities as we have a closed society that is very broken in that way. what i'm really asking today is rather th

know that before she left to be city administrator, i do know assessor when she was assessor carmen chiu they were trying to automate that and i had so many problems with that in the past and i know they were working on that but they need to have that whole system upgraded. i'm very familiar with that. so i just wanted to throw that out there. >> commission dooley. >> i'm still having a problem with the idea of paying novembe. of registration. what was your thoughts on that? it seems like it will be a burden for folks two make for two years. was there a possibility of separating those two to give people a little time to raise the funds for both years? >> so, the treasure office doesn't have the ability to change those deadlines that's all done by the board and the mayor through the register lay tive process and so, currently, you are correct, they're due on the same day, however there's relief for a lot of businesses so the people who pay regulatory license fees, we believe, will be covered by the legislation and so at least one year of that will be waved. >> thank you. >> >> one thought

submitting a resolution in support of sb299 that is also co-sponsored by our own assemblymen david chiu. last summer as the world saw and as our nation saw the death of george floyd and so many other individuals at the hands of police officers, it sparked a national conversation and in that conversation, one of the things that we did not want to be lost was a victim's compensation and to include space that there would be funding for victims' compensation and i want to thank my co-sponsor on this resolution and president walton for adding your name for this legislation at the state level and we believe having a victim compensation fund for those that died at the hands of officers, we think that this would allow for there could be a board at the state level and that funding would be provided and that we would remove the barriers for those families that have lost their loved ones and i can tell you that this is personally important to me and my office and i know that my staff are lost her brother at the hands of police officers years ago and this sparked her desire to be in public service

and i would also like to thank assembly member david chiu and it makes this possible here in san francisco. so a little bit about the ordinance. we know the severe economic impact of the pandemic. the inequity in our city that are socioeconomic lines have been further exacerbated by the pandemic. as all of you know quite well, small business this is our city have shuttered while they're to survive with the combination of cleansing revenue and debt. we also know the communities of color have been impacted by the pandemic. at the same time, building as our nation by a trillion dollars, and simultaneously millions of dollars of p.p.p. loans and grants that were intended for many of our struggling small business have gone to billionaires and mega corporations instead. our for profit banking have played a key role in asker asexacerbating communities locally. and as we move forward and chart a path to economic recovery, we believe public banking can be a powerful tool to regenerate our economy with shared values in san francisco and afford housing, struggling small businesses, helping our entrep

submitting a resolution in support of sb299 that is also co-sponsored by our own assemblymen david chiu. last summer as the world saw and as our nation saw the death of george floyd and so many other individuals at the hands of police officers, it sparked a national conversation and in that conversation, one of the things that we did not want to be lost was a victim's compensation and to include space that there would be funding for victims' compensation and i want to thank my co-sponsor on this resolution and president walton for adding your name for this legislation at the state level and we believe having a victim compensation fund for those that died at the hands of officers, we think that this would allow for there could be a board at the state level and that funding would be provided and that we would remove the barriers for those families that have lost their loved ones and i can tell you that this is personally important to me and my office and i know that my staff are lost her brother at the hands of police officers years ago and this sparked her desire to be in public service

. >> commissioner to -- commission chiu, same thing? do you want to speak? sorry. anyone?have to say that since we heard these, then it is all you ever see. i have been walking around the city and it seems like all icr containers with stickers on the back of them. it has been very top of mind all right, then. there is no discussion. do i hear a motion to move the resolution forward? >> i will move it. >> commissioner sullivan moved it. do i hear a second? >> i second. >> commissioner wallace, second. let's open it up to public comment. all right. i will put the instructions for public comment back on the screen. if you would like to make a public comment on this item, please dial the number on the screen and remember to press start three in order to be added to the queue. you will have three minutes to make your comments. i not currently seeing any callers in the queue, but we will take another caller -- a pause for anyone would like to call in. i not seeing any callers. thank you. katy, let's close public comment and move to a roll call vote to approve the resolution. >>

commissioner chiu said, happy new year to everyone. commissioner lee will be joining us

my name is carmen chiu, san francisco's aelectricitied assessor.tax savings programs for families called proposition 58. prop 58 was passed in 1986 and it was helped parents pass on their lower property tax base to their children. so how does this work? under california's prop 13 law, the value we use to calculate your property tax is limited to 2% growth peryear. but when ownership changes, prop 13 requires that we reassess properties to market value. if parents want to pass on their home or other property to their children, it would be considered a change in ownership. assuming the market value of your property has gone up, your children, the new owners, would pay taxes starting at that new higher level. 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 c

regulatory process knows it's not no feat and i want to thank and honor and appreciate city administrator chiuwho rolled up their sleeves and was one of the she-ros of san francisco pandemic response in all sorts of ways. shared spaces is one but there were many others. i want to also thank all the other city staff, who also went above and beyond to make shared spaces real, especially oewd director jaoquin torez, mta staff, jeff tumlin, public works and entertainment commission staff, of course, robin and the planning department and andre power in the mayor's office. they were rolling out big changes rapidly with a lot of folks including me breathing down their necks and they got it done. with not a lot in the way of additional resources. the ordinance we're introducing today incorporates many of the lessons learned over the past year and represents an effort to balance the various needs of businesses, residents and other stakeholders. the proposal envisions different categories of shared space permits from a parklet to the use of a parking space for outdoor table service during business hours

departments and they are being unstuck and i want to acknowledge incoming city administrator carmen chiuking them and we'll get to that in the weeks and months ahead. and then i want to say i'm proud to support supervisor chan's leadership in and what you already heard is her seeking an audit of the parks alliance contract for the 150th anniversaries of the celebration of one of our most remarkable resources golden gate park. after the recent revelations that these groups are not always friendly and they have been involved in unethical patron age in advancing political pet projects. it's been some part uncover and addressed by the controller, the federal bureau of investigation in the city attorney and the bottom line this deserves a close look and it will be ferris gate. finally, madam clerk, as we referenced earlier in today's meeting, relative to our 125-126 million-dollar unanticipated good news, after years of working with the controller and my former colleagues supervisor katy tang on ensuring the hotel tax was dedicated to the arts which ultimately resulted in a ballot measure, i

it was put forward by alex lee and co-sponsored locally by assemblyman david chiu and among other members in the california legislature. the groups that worked on this was housing clinic. what it does, it was an attempt last year and years before that to -- to require landlords that want to get out of the business to hold the properties that they have for five years at a minimum. -- 78% of evictions that occur are people that invoke that are doing it five years or less. over the years it's been used in speculative ways. i want to thank supervisor mandelman and walton. i'm certain many more of you will be involved and add your name as co-sponsors. this is something that's long overdue. it did not pass last year. so many different households are still under the threat of being displaced during this process. hopeful it will gain the momentum that can deserves. >> clerk: thank you. supervisor stefani. >> supervisor stefani: in 1928 iris was born in st. louis, missouri who immigranted from russia to the united states. at the and of 20, iris attended a group dance. paul moved to the u.s. iris a

and i would also like to thank assembly member david chiu and it makes this possible here in san franciscolittle bit about the ordinance. we know the severe economic impact of the pandemic. the inequity in our city that are socioeconomic lines have been further exacerbated by the pandemic. as all of you know quite well, small business this is our city have shuttered while they're to survive with the combination of cleansing revenue and debt. we also know the communities of color have been impacted by the pandemic. at the same time, building as our nation by a trillion dollars, and simultaneously millions of dollars of p.p.p. loans and grants that were intended for many of our struggling small business have gone to billionaires and mega corporations instead. our for profit banking have played a key role in asker asexacerbating communities locally. and as we move forward and chart a path to economic recovery, we believe public banking can be a powerful tool to regenerate our economy with shared values in san francisco and afford housing, struggling small businesses, helping our entrepreneurs

my name is carmen chiu, san francisco's aelectricitied assessor. today, i want to share with you a property tax savings programs for families called proposition 58. prop 58 was passed in 1986 and it was helped parents pass on their lower property tax base to their children. so how does this work? under california's prop 13 law, the value we use to calculate your property tax is limited to 2% growth peryear. but when ownership changes, prop 13 requires that we reassess properties to market value. if parents want to pass on their home or other property to their children, it would be considered a change in ownership. assuming the market value of your property has gone up, your children, the new owners, would pay taxes starting at that new higher level. 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