OPINION: San Francisco’s tax system needs an overhaul.
Examiner columnistA new study by The City’s top economist confirmed something I’ve been pointing out for years: San Francisco’s business taxes are thoroughly broken. A fix could be put in front of voters next year, a third attempt at reform in a dozen years. But the problems may run deeper than what a single ballot proposal can repair.
Voters approved two big tax system reforms in just over a decade: Proposition E in 2012, which introduced the gross receipts tax, and Proposition F in 2020, which attempted to overhaul it. That’s not counting additional levies recently imposed by voters such as the “overpaid executive” and commercial vacancy taxes.
More than a new tax, though, we need a new tax system. In 2005, after the failure of several bond measures, The City adopted a new capital planning process to rationalize how borrowing proposals went before the voters. As a result of that system and an economic boom, our bond rating soared to AAA, the highest S&P Global Ratings grants.
State vote on expanding Cruise, Waymo service in SF delayed — again The CPUC has yet again pushed a highly anticipated vote on whether ot not to allow SF robotaxis to charge for their services In a modern twist, we might consider hybrid work, or rather, ignore it: Why not charge it regardless of how many days a given employee spends in the office?
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