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And a half percent of revenues, and for the schedule, and pretty existing policy to increase by an additional 2. 5 percent over the next fiscal years and reaching a cap of two percent of fiscal year, 1617, while the general reserve is a reserve that covers losses that occur in a single fiscal year, stabilization reserves are intended to really help the city through the economic cycles and we have two of these, and former supervisor tom amiano proposed and adopted a rainy day reserve for the city in 2004. And that gets fed with extraordinary Revenue Growth during the good times and gets drawn o...

Valet parking stations to insure the Consumer Protection and maximize tax receipts, any questions . I want to say thank you for bringing this forward and like forward for more of this stuff to come. Thank you. We will open it for Public Comment. Anybody wish to comment on item five . You wish to comment . You can come to the podium . inaudible okay, thank you very much, any other member of the public wish to comment on this item . Okay, Public Comment is closed, motion to send this item forward . Great presentation and i move this item forward. Without objection . Okay. Madam clerk, could you ...

Structure. We have contingency reserves and this is intended to cover, unanticipated costs and causes it to increase from what is formally about 25 million up to 2 percent of revenue and at the moment on a schedule. And at the moment we are at 1 and a half percent of revenues, and for the schedule, and pretty existing policy to increase by an additional 2. 5 percent over the next fiscal years and reaching a cap of two percent of fiscal year, 1617, while the general reserve is a reserve that covers losses that occur in a single fiscal year, stabilization reserves are intended to really help the...

What mechanisms do we have to enforce any violation . Will there be penalties embedded in the nuclear deal . If you could be specific. First, i should note it has been said iran has complied. Have they also said iran is not complying and letting them in as the iaea asked . No it is saying they complied and outside of the agreement of course they are seeking so you look at the report and cherry pick. You say the iaea is happy with this but you should give the totality of what they have been given and how frustrated they have been with iran. They have said with regard to the obligations iran com...

Why not insist on a period of two or three years . Mr. Chairman, we think that a oneyear breakout time, not only is sufficient but is quite conservative. We believe that with the verification and inspections and monitoring well insist on in any agreement, that would give us more than enough time not only to detect any abuse of the agreement but also to act on it. If you look what various experts said, many have said that a far lesser period of time would be sufficient to detect and act on any violations well, let if i can just add to this very quickly. One year is conservative. First of all th...