A proposed advertising contract with Clear Channel and the San Francisco International Airport was grounded Wednesday amid concerns about the terms of the deal and allegations of an unfair process.
Under the proposed contract, Clear Channel would continue advertising at the airport for the next eight years and pay $10 million a year, after beating out two other competitors during the bidding process. Read More
News that The City could be left holding the bag for millions the America’s Cup Organizing Committee has failed to provide is the exact scenario warned of by prudent city officials not cheerleading for the regatta. And it could cost a bit more than the figures reported over the weekend. Read More
San Francisco’s payroll tax was kicked to the curb in the November election and replaced with a levy on businesses’ gross receipts. Now comes the hard and costly part: implementing the new and complex tax structure.
To that end, The City plans to spend $2.57 million this fiscal year alone on increased staff and technology services to plan for phasing out the payroll tax and setting up the gross receipts system. Read More
Small businesses that are growing could benefit from a payroll-tax break during the next several years even if voters in The City do away with that tax on Election Day.
While such a tax break had been previously approved, the Board of Supervisors is deciding today whether to award it even after the possible passage of Proposition E, which proposes to do away with San Francisco’s tax on what businesses pay their employees. Read More
The Board of Supervisors will decide Tuesday whether to approve a costly lease for the San Francisco Municipal Transportation Agency’s towing operation after missing a chance to purchase the property for itself.
Last week, the board’s Budget and Finance Committee put the brakes on the deal, requesting more details. But Wednesday, the committee voted to send it to the full board for a vote, albeit without a recommendation. Read More
Questions are flying about the San Francisco Municipal Transportation Agency’s costly proposed lease of a 13-acre site for auto towing.
Curious timing and questionable terms and costs surrounding a proposed 20-year contract between the agency and the real estate firm Prologis prompted the Board of Supervisors Budget and Finance Committee on Wednesday to put the brakes on the deal, which took 14 months to negotiate. Read More
The city attorney is hoping to launch a consumer protection unit.
Launching the proposed pilot program would require hiring an attorney and a legislative assistant, something City Attorney Dennis Herrera has yet to persuade city officials is a necessary new expense. Read More
In recent years, The City has created payroll tax breaks for biotech companies, businesses that move to the mid-Market area and stock options of companies that go public.
Next up: a tax break for hiring ex-offenders.
Ensuring that people coming out of jail can obtain jobs is one way to keep these ex-offenders from ending up right back behind bars. That’s why Supervisor and Sheriff-elect Ross Mirkarimi wants to offer a tax break to businesses that hire them. Read More
This Thursday, the Government Audit and Oversight Committee will hold a hearing to discuss a recent audit by the Office of the Budget and Legislative Analyst. The subject of the audit is The City’s advertising policies and practices. The report covers all departments that receive advertising revenue, but the harshest criticism is reserved for the San Francisco Municipal Transportation Agency. Read More
San Francisco homeowners can expect to pay higher property taxes this year.
For a single-family home valued at $500,000, there will be an $82.57 increase in the property tax bill compared to last fiscal year, for a total of $5,821, according to a report from budget analyst Harvey Rose. Read More