Democracy & Civics
Proposition B: ‘Chump Change’ or ‘Massive Budget Hole’?
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By Tim Kingston
The Truthiness Report: No. 7 in a series on election advertising. The battle over public power and the hospital bond have vacuumed up much of San Francisco’s attention and political capital this season. But there’s an equally significant, if under-the-radar, item up for grabs: Proposition B.
The “Establishing [an] Affordable Housing Fund” measure mandates that 2.5 cents out of every $100 in property taxes go to create what is essentially a dedicated San Francisco affordable housing account. Proponents and opponents alike agree that it would raise roughly $2.7 billion over its 15-year lifespan — in fact, that’s about all they agree on.