I'm sorry but I don't really see a problem here. The fact that they won't be able to absolutely gouge people, including inflation, seems reasonable. Inflation rising above 3% is hardly the tenants fault and chances are the tenant is suffering from that as well, probably more so. Is there no other way to encourage development outside of making sure the tenants make less every year? Ultimately that's what they're ensuring here since most people are lucky to even see a raise that covers inflation. Also, the mayor can shove off. The people voted, get your wheels greased elsewhere.