Supe. Peskin predicts death of the sales tax

Death of Sales tax predicted due to too many taxes on the ballot. 9.75% sales tax is too much for voters to swallow along with all the other regressive taxes and bonds.

SF Public Transit Solutions

By Joshua Sabatini :sfexaminer – excerpt

At Tuesday’s Board of Supervisors meeting, the last one before next week’s election, Supervisor Aaron Peskin predicted the defeat of a sales tax assumed in Mayor Ed Lee’s city budget, offering some last-minute election drama.

Peskin was the only supervisor who voted against the budget earlier this year, citing objections to balancing the budget by assuming revenues The City had yet to receive. He also voted against placing the sales tax, Proposition K, on the ballot in the first place.

In 2017, San Francisco’s sales tax would decrease from the current rate of 8.75 percent to 8.5 percent, but if Prop. K passes it would increase by .75 percent, to a total of 9.25 percent.

With 25 local measures, supporters of multiple measures have talked about the challenge of reaching voters and getting them to vote down ballot.

“Many of those…

View original post 184 more words

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