San Francisco Mayor Daniel Lurie is urging voters to support a parcel tax aimed at addressing a $307 million budget shortfall facing Muni.<\/p>\n
Proposition H, which will appear on the Nov. 3 ballot, would raise money for the transit agency through an annual parcel tax.<\/p>\n
Without additional funding, Muni says it could eliminate 19 bus lines and a streetcar route while reducing the frequency of service.<\/p>\n
A report from the San Francisco Controller’s Office found that reductions in bus and rail service could have broader economic effects across the city.<\/p>\n
According to the report, home prices could drop by as much as 0.9%, or about $14,000.<\/p>\n
The report also found that if Proposition H passes, nearly 1,509 jobs could be created over 15 years and the measure could generate about $400 million in economic growth.<\/p>\n
If approved, owners of single-family homes and condominiums would pay an annual parcel tax of at least $129. The tax would be at least $249 for multifamily properties and $799 for businesses.<\/p>\n
Lurie spoke in support of the measure Wednesday outside San Francisco City Hall.<\/p>\n
“If this does not pass, we could see wait times double,” Lurie said. “We could see a cut to service by up to 30%. We will see more traffic and gridlock on our streets, which will stunt our economic recovery.”<\/p>\n
San Francisco voters will decide Proposition H in the Nov. 3 general election. The city confirms that local ballot measures will be decided in that election.<\/p>\n","protected":false},"excerpt":{"rendered":"San Francisco Mayor Daniel Lurie is urging voters to support a parcel tax aimed at addressing a $307…\n","protected":false},"author":2,"featured_media":465924,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[3768,101,103,102,104,106,105],"class_list":["post-465923","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-muni","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-sf","tag-sf-headlines","tag-sf-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/465923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=465923"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/465923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/465924"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=465923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=465923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=465923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}