San Francisco’s planned rewrite of the city’s business tax was knocked off the ballot in the fall due to the economic impact from the coronavirus, Mayor London Breed said Wednesday.
“The fact is at the time when we were planning for a revamp of the gross receipts tax here in San Francisco, we were living in a different reality,” Breed told reporters. “Unfortunately, the focus is going to be on our economic recovery.”
- San Francisco is anticipating a $1.1 billion to $1.7 billion deficit through the end of June 2022 as sales, use, hotel, and transfer taxes decline.
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