. >> it is unfortunate nall. the goal of moving away from the payroll tax is shared by the business community and by elected officials had the building. and as well as of course the -- to some extent the comptrollerer's office when they played a role in the alternatives analysis. i think there's fair, this is fair discussions about whether the commercial represent tax is the right approach. we believe it is a good step. and to move away from the payroll tax but that -- the fact that we're, that less of the city's business tax revenue will come from the payroll tax is under this proposal is difficult to dispute. and so, i can certainly talk more about how the amendments respond to the commission's concerns after the presentation, and whenever you would like. so, with that, i would -- i'm happy to entertain questions now. it may be more fruitful to have the chief economist go through the amendments. >> thank you. >> good evening. ted egan. my office has analyzed the amendments that supervisor chiu introduced at com