The Overpaid CEO Tax & November's Battle Over Business Taxation
active• sanfrancisco
San Francisco faces a high-stakes November 2026 ballot showdown over how to tax the city's wealthiest companies. Measure D — the "Overpaid CEO Tax" — on the June 2, 2026 ballot aims to increase the tax on large businesses whose highest-paid executive earns more than 100 times the median employee compensation, with supporters claiming it could bring up to $300 million annually into city coffers. Mayor Lurie has opposed the measure, arguing it could deter business investment. Lurie is simultaneously leading an effort to put a parcel tax before voters in November to raise funds for the Muni transit system, creating a competition among revenue measures for voter bandwidth in an already-crowded November ballot. Labor unions have threatened strikes if their preferred tax measures are blocked, while businesses warn that additional taxes could accelerate the exodus of headquarters from the city.
Related cause: Economic Development
Issue Timeline
Election6/2/2026, 12:00:00 PM
Measure A: Transient Occupancy Tax Increase Measure
To fund essential city services including police and fire emergency response; address homeless encampments impacting parks, neighborhoods, and waterways, remove...
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