Clerk thank you. You have a quorum. Chairman heinicke all right. We have a quorum. Obviously, these are unique times, as we could say. Given the Public Health recommendations issued by the department of Public Health and Governor Newsom and mayor breed have lifted the attendance of Board Members by telephone, directors rubke and torres will be participating by phone at my request. Caroline and others in the room here to assist with our City Attorney deputy City Attorney, susan cleavelandknowles. We will say, at the end, get through this together. I will ask Board Members to mute their phones. It sounds great right now, but if you want to speak, unmute the phones and let us know. For this meeting, we would like public to participate remotely about writing a question and contacting us electronically. Thank you for honoring this request. Going forward, we urge the public to write the board at mtaboard sfmta. Gov or calling 4154464470. That information is also on our website if you need th
Our policy will continue to be indexing the fares upward on the average of cost of living and inflation. This is important in order to allow fares to continue to increase with our costs and so that we dont artificially hold fares flat and then be forced to have a massive increase every few years. A modest increase every year is more helpful. All of this is in the context of however we shape the next new revenue measure. The next new revenue measure could ask what is the appropriate fare box return rate for s. F. M. T. A. And make changes there. We can continue to look specifically at who uses individual fare categories. Rather than increasing all fare categories at the same Percentage Rate we can make adjustments to allow Cost Increases to be more eckwetable and have equitable and a accumulatetor pass to the extent we are allowed to buy the agencies. Does that answer your question . Very much so. Anything else . My second question relates to i know in the past that you were able to mak
Right. We have a quorum. Obviously, these are unique times, as we could say. Given the Public Health recommendations issued by the department of Public Health and Governor Newsom and mayor breed have lifted the attendance of Board Members by telephone, directors rubke and torres will be participating by phone at my request. Caroline and others in the room here to assist with our City Attorney deputy City Attorney, susan cleavelandknowles. We will say, at the end, get through this together. I will ask Board Members to mute their phones. It sounds great right now, but if you want to speak, unmute the phones and let us know. For this meeting, we would like public to participate remotely about writing a question and contacting us electronically. Thank you for honoring this request. Going forward, we urge the public to write the board at mtaboard sfmta. Gov or calling 4154464470. That information is also on our website if you need that. We usually ask for speaker cards, but today, we are no
Directors . I am hearing on tow you are comfortable with option two. There are three of us to speak here. That is what i was getting from that group moving in that direction. I am getting on the fare policy you are in the middle. Well maybe the director was on one side and director themingger was on the other. What i heard from the four was there was except acceptance of the premise and which option to use to fill it. One point to clarify with regard to the fare policy and indexes is the board has always had certain goals, equity being one of them, ease of access to the system. Those goals have always existed with regard to the fare policy. With regard to indexing the question is from all of our transit fares, are we increasing the revenues to match the cost of the labor and cpi . Within the proposals before you, you are meeting the spirit of the fare policy and hitting the revenue mark. The trigger of the cost is resulting in the need to collect more revenue from the fare media, diffe
And joining us now to see what 2020 has in store is managing director, victor anthony, and Portfolio Manager at needham growth fund, Chris Retzler good morning. I look at the tech stocks that did the best this year, a lot of them were kind of underdogs, roku, top of the list coming into the year, people talked about netflix would beat up on them this year, the narrative seems to have shifted. Apple is another one people thought apple would have a bad year not only trend wise in tech whats important in 2020, are there underdog names you particularly have in mind . Victor well, mostly on small cap large cap, i see amazon, alphabet, google, facebook continue to outperform those arent underdogs. Are they no. Angies Home Services which underperformed significantly in 2019, i think another one, comscore, unforeseen event, management departures, outperformed significantly Online Dating app, the meet group, meet glad it is spelled that way different kind of stock if spelled another way. Up abo