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.
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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.
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A breakdown of what San Francisco propositions passed and failed in the 2012 election.
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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.
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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.
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Proposition E, a measure that would give the Board of Supervisors greater influence over voter-approved initiatives, was rejected Tuesday.
The measure would have allowed the board to amend or repeal initiatives passed by voters. Prop. E would have only applied to initiatives placed on the ballot by the board and mayor. Measures placed through citizen signatures would not have been subject to the law.
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