SF Measure Taxing Wealthy Businesses For Homeless Services Becomes Law

Here's some good news! So good that instead of writing a summary, we're simply copying and pasting from KPIX CBS 5 Bay Area's article:

SF Measure Taxing Wealthy Businesses For Homeless Services Becomes Law; State Supreme Court Denies Challenge

Prop C, the 2018 initiative that taxes wealthy San Francisco businesses to pay for homeless services, became law Wednesday after the California Supreme Court refused to hear a challenge to it.

Prop C, which implements a .5% tax on businesses making over $50 million a year, passed in 2018 with more than 61 percent of the vote.

But the law’s been held up in the courts by lawsuits filed by the Howard Jarvis Taxpayers Association, the anti-tax lobbyists. The group claimed that the tax needed two-thirds of the vote to pass, but the state court of appeals rejected this argument back in June.

Now that the state supreme court refused to hear the case, the city can collect an estimated $300 million in fees for services supporting San Francisco’s homeless population.

And the news doesn't stop so to keep the congratulations coming, please click this link to KQED's longer article on this same topic.

The meek will inherit the earth and the wealthy will fall on their own sword. Let the good times start to roll...