Chamber Pushes Back on Local Tax Measures
by Jen Longley
Jun 29, 2020

As many as five local funding measures are heading to the November ballot- many conceived of before the pandemic hit and changed the landscape of the local and national economy. Now, with a $1.5 billion deficit over the next two years and 12.6% unemployment, business groups are arguing to a progressive Board of Supervisors that this is the wrong time to place measures on the ballot.

The Chronicle provides a rundown of the proposed measures, including a tax on companies where the CEO makes 100 times the median income of their average worker, a payroll tax on stock-based compensation, an increased transfer tax on properties over $10 million, and two competing measures from the Mayor and Board of Supervisors to overhaul the city’s gross receipts tax.