San Francisco Lost $400MM of Tax Revenue in 2021

San Francisco Mayor London Breed said that workers are not returning to the office which has resulted a loss of $400MM in tax revenue. Some of the reasons for this is fewer people in the city (while not an exodus, the office vacancy rate is more than 24%) but I suspect this is also due companies moving out of SF for tax reasons (Stripe moved to Oyster Point).

Read San Francisco Mayor Breed says city faces remote work challenge as tech workers leave town or stay home.

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