San Francisco officials have finalized a plan to save Muni service by implementing a parcel tax, which would charge most homeowners at least $129 annually if approved by voters. The updated proposal is an attempt to address the city's budget deficit of over $300 million, caused in part by the pandemic's impact on ridership and funding sources.
The proposed parcel tax would target property owners based on their home size. Single-family homes up to 3,000 square feet would pay $129 per year, while multifamily homes up to 5,000 square feet would be charged $249 annually. Non-residential property owners, such as businesses or landlords, would face a higher annual tax of $799 for properties up to 5,000 square feet.
However, the plan has received criticism from some community members who argue that it would unfairly burden renters and small business owners. The city's proposal initially included a cap of 250,000 square feet for multifamily parcels, but it was reduced to 50,000 square feet as part of ongoing negotiations with transit advocates.
The parcel tax is seen by many as a necessary measure to prevent further cuts to Muni services. If approved, the plan would raise approximately $183 million annually to help close the budget gap. However, officials acknowledge that additional measures, such as a regional sales tax or cost-cutting efforts, are still needed to address the full deficit.
The proposal will now move forward with drafting the ballot language and gathering signatures for voter approval in November. While some residents express concerns about the plan's impact on local businesses and renters, many recognize the importance of maintaining public transportation services in the city.
The proposed parcel tax would target property owners based on their home size. Single-family homes up to 3,000 square feet would pay $129 per year, while multifamily homes up to 5,000 square feet would be charged $249 annually. Non-residential property owners, such as businesses or landlords, would face a higher annual tax of $799 for properties up to 5,000 square feet.
However, the plan has received criticism from some community members who argue that it would unfairly burden renters and small business owners. The city's proposal initially included a cap of 250,000 square feet for multifamily parcels, but it was reduced to 50,000 square feet as part of ongoing negotiations with transit advocates.
The parcel tax is seen by many as a necessary measure to prevent further cuts to Muni services. If approved, the plan would raise approximately $183 million annually to help close the budget gap. However, officials acknowledge that additional measures, such as a regional sales tax or cost-cutting efforts, are still needed to address the full deficit.
The proposal will now move forward with drafting the ballot language and gathering signatures for voter approval in November. While some residents express concerns about the plan's impact on local businesses and renters, many recognize the importance of maintaining public transportation services in the city.