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San Francisco tax revenue plunges due to resident exodus?

Sales tax revenues are down 40%

From FoxNews.com……

San Francisco experienced a 43% year-over-year decline in sales tax revenues during the pandemic, which has been credited to an exodus from the expensive city.

San Francisco’s chief economist Ted Egan attributed the drop in revenue that occurred between April and June to a flight of individuals from the city, rather than a decline in activity due to the pandemic.

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