San Francisco voters approved a ballot measure in November to fund homelessness services by taxing the city’s largest businesses, though the plan still faces legal challenges.
REMI cordially invites you to our guest webinar presentation on Wednesday, January 9th from 2 to 3 p.m. EST by Ted Egan, Chief Economist for the City and County of San Francisco, who will provide an analysis of the plan’s potential economic impact.
The measure would impose a new gross receipts tax and dedicate the revenue to services such as housing, mental health services, shelters, and rental assistance. The Controller’s Office has estimated that between 300 and 400 local businesses would be affected by the tax. The projected $250 to $300 million in revenue from the new tax would thus represent a 28-33 percent increase in overall business tax revenues.
For this presentation, Mr. Egan will discuss the legislation’s estimated effects on employment and economic output in San Francisco. He will also review the methodologies behind the economic impact analysis.