San Francisco Set To Create Reparations Fund Giving Up To $5 Million Per Black Resident!

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In a significant move just before the holiday season, San Francisco Mayor Daniel Lurie signed a reparations bill that could potentially grant black residents in the city up to $5 million each.

As reported by The Post Millennial, this decision follows a 2023 report from the city's African American Reparations Advisory Committee (AARAC), which prompted the establishment of a reparations fund. While the ordinance allows for future contributions from either the city budget or private donors, it stops short of making any definitive financial commitments.

The AARAC was charged with formulating recommendations to address and repair harm within black communities. The 2023 report presented over 100 proposals, including a contentious one-time payment of $5 million to each qualifying Black adult in San Francisco, aimed at compensating for decades of harm endured. Additional proposals suggested measures such as debt relief, a guaranteed annual income of $97,000, and city-funded housing.

The criteria for eligibility regarding these lump-sum payments remain unspecified, with San Francisco home to approximately 50,000 black residents. Mayor Lurie emphasized the collaborative efforts between communities and the government to acknowledge historical injustices, stating, For several years, communities across the city have been working with the government to acknowledge the decades of harm done to San Franciscos black community.

He further remarked, While that process largely predates my administration, I am signing the legislation to create this fund in recognition of the work of so many San Franciscans and the unanimous support of the Board of Supervisors.

This initiative emerges amidst a looming $1 billion budget deficit for San Francisco in the coming year. Mayor Lurie acknowledged the fiscal challenges, noting, That means identifying key priorities for funding so we can continue delivering those services well. He candidly admitted, Given these historic fiscal challenges, the city does not have resources to allocate to this fund, while also expressing openness to contributions from private donors.

The reparations fund framework has not been without its detractors. Amos Brown, president of the San Francisco chapter of the National Association for the Advancement of Colored People (NAACP), criticized the plan for offering false hope. The NAACP further described the proposed $5 million figure as arbitrary in a press release. As the city grapples with its financial constraints, the reparations initiative underscores a broader debate on how best to address historical injustices while balancing fiscal responsibility.