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City economist, task force co‑chair tell Planning Commission San Francisco faces prolonged, uneven recovery
Summary
City economist Ted Egan and Economic Recovery Task Force co‑chair Assessor Carmen Chu told the Planning Commission that COVID‑19 has caused steep job and sales‑tax losses concentrated in low‑wage sectors, and previewed task‑force recommendations including the popular 'shared spaces' program to help small businesses.
SAN FRANCISCO — The Planning Commission heard stark new data on the economic fallout from the pandemic on Thursday, as the city’s economist and the co‑chair of a 100‑member recovery task force outlined deep job and sales losses and a menu of measures to help small businesses and vulnerable residents.
“Ted Egan from the controller’s office” told commissioners that the San Francisco metropolitan division lost about 175,000 jobs between March and April, and that the August recovery still left the region roughly 100,000 jobs below its pre‑COVID level. Egan also said sales‑tax receipts for the three months ending in June fell about 43 percent from a year earlier — a quarter worse than other California counties —…
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