San Francisco's radical Left has a peculiar partner in Salesforce CEO Marc Benioff. As a backer of Proposition C, he joined the Coalition on Homelessness to strong-arm high-revenue businesses into supporting bloated city government departments to address the city's homeless problem. Companies earning gross receipts over $50 million now pay an additional tax on the excess, with rates ranging from 0.175 percent to 0.69 percent. It will garner the city between $250 and $300 million, doubling its current budget for homeless services to half a billion dollars annually.
Prop C, dubbed the “Our City, Our Home Fund,” passed in November of 2018 with 61 percent of the vote. Since then it's been hotly contested. The Howard Jarvis Taxpayers Association has sued the city. “Approval for special taxes needs a two-thirds majority, so it's now in the appeals process,” says senior staff attorney Laura Dougherty. “We need the clarity of the California Supreme court.” Meantime, the tax revenue is being collected, but the city is holding the funds until it gets the nod to spend them.
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