San Francisco Supervisors on Tuesday voted 8-3 to pass a resolution pledging support of a state bill that would allow San Francisco to place a local income tax measure on the 2018 ballot. With federal budget cuts looming, supporters say the measure would raise revenue and could help address the city's wealth gap. But critics have raised concerns that the measure could inhibit economic growth and that the city should improve accountability on current spending before raising taxes. We'll discuss the bill, which proponents say would have allowed San Francisco to generate over $270 million in the 2013 tax year.
San Francisco Supervisors Pass Resolution Supporting Vote on City Income Tax
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The San Francisco skyline is seen from Treasure Island March 31, 2006 in San Francisco. (Photo: Justin Sullivan/Getty Images)
Aaron Peskin, member, San Francisco Board of Supervisors
Micah Weinberg, president, Economic Institute at the Bay Area Council