San Francisco Open to Giving Black Residents $5 Mil Each in Reparations

San Francisco is among the few cities that seems to be severely contemplating reparations for its Black residents — and there are some exhausting figures on the desk … from $1 to thousands and thousands.

SF’s Board of Supervisors — consisting of 11 members — heard a proposal this previous week that was put forth by a reparations committee — which fashioned a number of years again, on the behest of the City, in the wake of the George Floyd protests throughout the nation.

On Tuesday, these people shared their recommendations on how to make issues proper with the African-American neighborhood … and so they landed on $5 million per eligible Black resident. There’s sure standards they’ve in thoughts … together with being no less than 18 years outdated and having recognized as Black/African-American in public paperwork for no less than 10 years, amongst others.

There’s extra that people may obtain underneath the draft reparations plan. In addition to the one-time $5M payout, the committee beneficial a assured primary earnings thereafter … in the quantity of $97,000/12 months, for 250 years.

Plus, they’d have all their money owed and tax burdens cleaned, no questions requested. And lastly … single-family SF properties for only a buck. It appears every household could be allowed to purchase only one, though it isn’t fully clear.

In phrases of paying for all of this … the reparations committee did not have any solutions, as an alternative placing that burden on the supervisors themselves. The BOS, in flip, really supported the proposal unanimously — and stated they might work out funding later.

The Board’s solely Black supervisor, Shamann Walton, has been main the cost on this … and says he needs the reparations package deal to be included in future City budgets.

BTW, not everybody agrees with the phrases laid out by the committee — which is made up Black leaders/neighborhood members in and round SF. One opponent is definitely the NAACP — which, whereas supporting the concept of reparations, shouldn’t be on board with the $5M money payouts … as an alternative calling for the main target of funding to be in establishments, like faculties/housing, and many others.