Ellipsis logo in black color

San Francisco voters endorse tax to support homeless

Tags: news,location:San Francisco-CA

San Francisco voters endorse tax to support homeless

San Francisco voters have endorsed an initiative to tax big companies to help the homeless.

The initiative, also known as Proposition C received 59.9% of the votes(YES votes) during the midterm elections on November 6. The No votes accounted for 40.1% of total votes cast.

Large businesses with over $50 million returns will be taxed 0.175 to 0.69 percent to fight homelessness through financing beds, mental health services and prevention of homelessness.

Proposition C will double San Francisco’s current budget to help rescue those living in the streets. The tax on large businesses is expected to bring in from $250 million and $300 million annually.

This article was first published here https://www.invests.com/2018/11/08/san-francisco-votes-to-tax-big-business-to-rescue-its-homeless/.

 

 

 

 

 

------
Bob
Nov/14/2018

Related Posts

[2018-11-14] CARSTAR launches in San Francisco area

[2017-11-19] Supporting The 27th Annual Turkey Bowl

[2019-03-04] Easterseals Bay Area hosts fundraiser to celebrate 100th Anniversary


Recent Posts

[2020-01-16] Top 10 Marketing Ideas for Chiropractors

[2020-01-16] Planned Your Valentine's Day Yet?

[2020-01-15] Understanding SEO: 10 Reasons Why SEO Can Help Your Business