San Francisco Passes Tech Tax To Fund Homelessness Services
A homeless couple gather their belongings at a tent camp in San Francisco. Half the money that the newly passed Proposition C generates will go toward building permanent housing for homeless residents. (ASSOCIATED PRESS)/ after a heated campaign to tax the city’s wealthiest businesses in order to double funding for its overstretched homelessness services. The measure, which divided both tech CEOs and local leaders, approves a new tax of 0.175 to 0.69 percent on any businesses’ gross annual receipts that total over $50 million. , many regard ...
Click
To Read Full Article