City budgets in California suffer from the effects of Prop 13. The other thing to consider is a lot of the cities budget is labor, labor costs track cost of liv

City budgets in California suffer from the effects of Prop 13. The other thing to consider is a lot of the cities budget is labor, labor costs track cost of living, especially rents. It's not necessarily that tech companies overpaid workers are a win for the city. Even more so when a lot of them commute from elsewhere.