Overview
- The controller’s report, released Sept. 16, projects Proposition H would raise about $184 million a year and add roughly 800 to 1,445 jobs and $310 million to $400 million in GDP over 15 years.
- Muni faces an estimated $307 million annual gap after federal pandemic aid ended and could cut service on as many as 19 bus lines plus a streetcar route and cable cars, the SFMTA has warned.
- The report finds the parcel tax would reduce residential values by about 0.2 percent while service cuts could lower them by 0.6 to 0.9 percent, which equals roughly $9,400 to $14,100 for the average home today.
- The proposed tax would run 15 years, charge base rates starting at $129 for single-family homes and $799 for nonresidential parcels, and shift about 75 percent of revenue responsibility to commercial properties.
- The analysis did not include a separate regional sales-tax transit measure on the November ballot that could materially change funding outcomes and the scale of future service cuts.