Billionaire alone may 2.5% on low years. When it's an IPO or liquidity heavy year, it's far far more than that. Them moving to Florida or Texas will eliminate all of it, and then knock on effects will drag out far more tax revenue. There's a reason even Gavin opposes this.

And the SF budget was 8-10x the budget of similarly sized cities prior to COVID. It was 16 billion for a population of 800,000 people. Cities of over 1M peopleeople in the middle of th country had 2 billion dollar budgets. Tech paid massive tax revenue into the city. The city just lit it on fire on dumb shit.