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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