Silicon Valley Voters Approve Tax Measures Aiding Homeless, Transportation

Smith Collection/Gado/Getty Images
Sign with logos for Google and the Google owned video streaming service YouTube at the Googleplex, the Silicon Valley headquarters of search engine and technology company Google Inc in Mountain View, Calif. on April 14, 2018.

Voters in San Francisco have approved a measure to tax some of the city’s wealthiest companies to provide services for the homeless.

Proposition C has divided the city’s elite tech titans, with Salesforce founder Marc Benioff supporting it and Twitter chief executive Jack Dorsey among those opposed.

Benioff has donated at least $8 million from company and personal resources.

The measure would generate up to $300 million a year, nearly doubling what the city already spends on people who are homeless or at risk of being so.

Smaller tax measures were also passed in nearby East Palo Alto and Mountain View, home to Google, where funds will go mostly towards transportation projects such as bike paths and improving transit opportunities. Mountain View's Measure P imposes a $150 per person per year tax for companies with more than 5,000 workers.

Seattle city leaders pulled back a measure to tax businesses for homelessness after Amazon and Starbucks complained.

San Francisco Mayor London Breed opposed Proposition C, saying the city needs to do a better job accounting for the money it has already spent.   


THE BILLBOARD BIZ
SUBSCRIBER EXPERIENCE

The Biz premium subscriber content has moved to Billboard.com/business.


To simplify subscriber access, we have temporarily disabled the password requirement.