Sounds like local officials trying to grift Washington.
Said "5 million $" per person will be used to fund "businesses" and "NGOs" that "help" the black community, that is if such a law ever materialises in the first place.
These beneficiaries can then either just pocket the money wholesale, or offer their services at a discount to the black community, with the federal government footing the full bill, which will be every bit as inflated as possible, so as to fully grift other departments out of millions.
However, this proposal is too simple and too naive. It'll not pass scrutiny. The ones who made it should have dressed it up more, it sounds too much like socialism in its current form.
You read it wrong. $5 million per black person is 1 of the 100 recommendations that is proposed. The funding business and NGOs is a separate proposal.
Plus the document says $5 million direct payment as a lump sum.
1.1 Provide a one-time, lump sum payment of $5 million to each eligible person.
Rationale: A lump sum payment would compensate the affected population for the decades of harms that they have experienced, and will redress the economic and opportunity losses that Black San Franciscans have endured, collectively, as the result of both intentional decisions and unintended harms perpetuated by City policy.
There is probably tens of billion in cost for the other 99 recommendations.