San Francisco has not had a Republican Mayor since 1964. The last few years the level of incompetence and lack of law enforcement has brought the city to where it is. People and businesses leaving as fast as they can and the result is the total cratering of their tax base and revenues and they are not coming back.
The city from here on out will lose the rich and businesses as they run away from the absolute sinkhole the city has become. The question is it reversible or a permanent decline that is accelerating?
I’d be surprised if the transit system makes money.
Now the city pays the transit workers whether anyone rides or not.
I’m also surprised that they lower the property taxes. Around here if they reassess, they rebalance the property taxes so as to be revenue neutral.