The City’s budget is still in the red — but it’s a lighter shade than in recent years, according to budget officials who on Tuesday released a slightly rosier economic outlook. Read More
The rush of money into city political campaigns was not just limited to candidates. Campaigns for several San Francisco ballot measures had price tags in the neighborhood of $1 million.
Based on recent filings with the Ethics Commission, the largest spending on ballot measures was for the $195 million parks bond and on the measure to replace San Francisco’s business payroll tax with a tax on gross receipts. Both campaign war chests were about $1 million. Read More
Mayor Ed Lee batted .1000 when it came to local propositions on Tuesday’s San Francisco ballot, calling his sweep “like a second World Series win.”
Along with the passage of a statewide tax measure destined primarily for schools, the success of several local measures put San Francisco on a stronger economic foundation, Lee said in an interview. Read More
A breakdown of what San Francisco propositions passed and failed in the 2012 election. Read More
After more than a decade of conversation, San Francisco voters will finally have the opportunity this November to replace The City’s tax on employee payrolls with a tax on the revenues that businesses bring in.
The 1.5 percent tax on business payrolls in excess of $250,000 has long been maligned as a “job killer” and a disincentive for companies to do business in San Francisco, the only city in California with such a tax. Read More
The City’s payroll tax unfairly penalizes businesses that employ large numbers of people. Proposition E is a smart tax reform that will change The City’s business tax structure. Read More
Just days after the Board of Supervisors unanimously endorsed a measure that would change The City’s business-tax structure from a payroll tax to a gross-receipts tax, I got an email from a dear friend with the subject line, “HA HA!”
It contained a link to a column written by the president of the Los Angeles Chamber of Commerce titled, “Let’s wave goodbye to the gross-receipts tax and hello to new jobs.” Read More
Mayor Ed Lee has been taking it on the chin lately. He was accused of perjury stemming from his testimony in the case of suspended Sheriff Ross Mirkarimi. His deal with the California Pacific Medical Center to build a new hospital on Cathedral Hill has stalled. And his plan to import New York City’s stop-and-frisk policy, which encourages the police to detain and search people for guns, was unanimously and rightly denounced by the Board of Supervisors. Read More
Mayor Ed Lee unveiled a compromise November business tax ballot measure that could end a decadelong debate about changing the way The City taxes businesses. The proposal would replace a 1.5 percent payroll tax long maligned by business leaders as a job-killer. The gross receipts tax that would replace the existing levy would encourage increased investment and innovation in San Francisco, Lee said. “We have to create our own stronger economy,” Lee said. Read More
Tying increased business registration fees to the Consumer Price Index could be the path toward compromise for a single November ballot measure designed to replace San Francisco’s tax on businesses’ payrolls with a tax on gross receipts.
The Budget and Finance Committee of the Board of Supervisors on Wednesday sent dueling gross-receipts tax measures to the full board for a vote next week. Read More