Mayor Lurie opposes Prop D because it will cause major employers to leave San Francisco and prevent new companies from setting up shop here. With the city finally on the right track coming back from the pandemic, the last thing we should do is drive major companies to states like Texas.

It increases taxes on large employers by 800% at an annual cost of $300 million. San Francisco already has the nation’s highest business tax. Prop D will backfire, causing even more businesses to flee. 

San Francisco’s small businesses, especially in the Downtown economic engine, are just now recovering after the pandemic. The last thing we need is a policy that makes operating a small business more expensive and more difficult. Instead of supporting recovery, Prop D adds new pressure at the worst possible time.

Prop D would significantly raise taxes for many major grocery and retail chains, including Grocery Outlet, Albertsons, and Target. When businesses face higher costs, consumers bear the brunt. Prop D will raise the cost of goods, drive up grocery bills, and increase the financial burden for working families. San Francisco is already one of the most expensive cities in the country, we shouldn’t be driving up the cost of living for residents. 

Prop D has no fiscal controls or accountability measures to make sure the money is spent as promised. The revenue would go directly into the city’s general fund, where it can be spent without clear guarantees. With a city budget of nearly $16 billion dollars and ongoing charges of fraud and corruption, we shouldn’t give City Hall a blank check for even more waste.

Experts say that driving major employers out of San Francisco will cost the City billions in revenue, causing deep cuts to the very public health, housing homelessness response, and neighborhood safety programs the measure claims to protect.