San Francisco ballot initiative would tax richest businesses to help homeless

San Francisco Prop C 2018 to address the homeless in San Francisco

San Francisco, the most expensive city in the country, has a crisis-level homelessness problem — like most other major U.S. cities do. There are over 7,000 people in San Francisco experiencing homelessness, but each night there are wait lists of 1,000 or more people trying to secure one of the available 2,300 temporary shelter beds. A coalition of housing advocates is attempting to help put San Francisco’s under-served people back on their feet. This November, a ballot measure will ask voters to support a plan that will increase taxes on the city’s largest businesses so they can raise the funds needed to cut down the lengthy wait list for temporary shelter and provide essential services that get people off the street and into permanent housing.

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SFUSD board backs corporate tax hike to fund homeless and housing services

San Francisco school board members on Tuesday declared their support for a ballot measure coming before voters this November that aims to address The City’s homelessness crisis by taxing its largest businesses. Under Proposition C, the “Our City Our Home” initiative, companies grossing more than $50 million annually would be subjected to a 0.5 percent raise in gross receipts taxes, creating a projected $300 million in revenue to fund homeless services and housing.

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