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.
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Related cause: Economy & Community
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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