League of Women Voters of California Education Fund
	San Francisco County, CA June 3, 2014 Election
	Proposition B Voter Approval for Waterfront Development Height Increases City and County of San Francisco Majority Approval Required Pass: 71,421 / 58.88% Yes votes ...... 49,870 / 41.12% No votes See Also: Index of all Propositions

Tax Rate Statement from City Controller's Statement on "B"

City Controller Ben Rosenfield has issued the following statement on the fiscal impact of Proposition B: Should the proposed measure be approved by the voters, in my opinion, it would in and of itself, have no direct impact on the cost of government. Approval of the measure would change certain land use processes on Port of San Francisco property. Currently, projects proposed for Port property generally require approval by the Planning Commission and the Board of Supervisors following required public consideration processes. These approvals can include adoption of increases to existing height limits deemed necessary or desirable to enable a given proposed project. The proposed measure would instead require voter approval for any changes to existing height limits before a project could be permitted. Proposed--but not yet approved--projects affected by the measure include possible development plans for Pier 30+32, Pier 48, and Pier 70. In a number of cases, given the condition of various Port properties, increases to existing height limits will likely be required to generate sufficient property value to cover required project and infrastructure costs. The proposed measure, if approved, will increase the time, cost, and uncertainty that proposers and the Port can expect for future development efforts on certain Port property. To the extent that the proposed voter approval requirement, over time, results in fewer such increases, it will reduce tax and other revenues to both the City's General Fund and to the Port of San Francisco.