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San Francisco’s Record $16.9B Budget Rests on Commercial Real Estate’s Fragile Rebound

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San Francisco city hall
Photo by Fernando Hernandez on Unsplash
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San Francisco's largest-ever budget quietly wagers its balance on a commercial property recovery that is gathering speed but remains far from complete, tying City Hall's fiscal fate to deal flow, downtown office demand and a business-tax overhaul now phasing in. The San Francisco Board of Supervisors on July 21 unanimously approved a record $16.9 billion […]

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