San Francisco controller says Prop. H would cost less than deep Muni cuts
Passing Proposition H would be less damaging to San Francisco’s economy than letting Muni make major service cuts, according to a new analysis from the controller’s office released Wednesday.
The Nov. 3 ballot measure would impose a parcel tax to support the city transit system and is projected to raise about $184 million a year for 15 years. The controller’s office said approval of the measure could add 800 to 1,445 jobs and increase city GDP by $310 million to $400 million over that period.
Without the new revenue, Muni could cut frequency on some routes by as much as 50%, suspend lower-ridership lines and scale back night service, according to the analysis and the San Francisco Municipal Transportation Agency. The transit agency is facing a large budget deficit.
The analysis said homeowners would provide about 25% of the tax revenue, with commercial property owners covering the remaining 75%.
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