Labor, business on collision course for June ballot battle over taxes
The likelihood of a business-vs.-labor tax-policy duel at the June ballot box is rising as the San Francisco Chamber of Commerce and its allies have settled on a tax-cut initiative, while unions push forward with their own effort to get voters to increase The City’s Overpaid Executive Tax.
The outcome could significantly affect city finances — backers of the union-sponsored measure say that it would add about $200 million a year into The City’s coffers, but The City could lose tax revenue if the business-backed measure wins.
The union-backed Stand Up for SF coalition has already collected the 10,643 valid signatures it needs to qualify its “Overpaid CEO Act” for the ballot, according to coalition spokesperson Scott Mann. He said the campaign will celebrate the milestone Wednesday at Zuckerberg San Francisco General Hospital. The Chamber of Commerce-led group has until Feb. 2 to submit its signatures.
Mann said the increase to the Overpaid Executive Tax is needed to prevent cuts to essential public services, largely as a result of the federal One Big Beautiful Bill Act signed into law by President Donald Trump in July. Among other provisions, the law includes historically large cuts to Medicaid that the City Controller said will cost San Francisco more than $200 million per year by 2027-28.
https://www.sfexaminer.com/news/politics/sf-overpaid-executive-tax-june-2026-ballot-battle/article_756cd74f-7b47-450a-beb9-4da371f3275a.html