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Mayor’s office explores revenue-neutral carbon tax but sector impacts complicate plan
Summary
At the Planning Commission hearing, the mayor’s office outlined a revenue-neutral carbon tax concept that would swap higher energy/user taxes for payroll tax relief; officials said sectoral impacts (e.g., biotech, bakeries) and ballot timing create major calibration challenges.
Wade Crowfoot of the mayor’s office described an early concept for a revenue-neutral carbon tax that would shift the city’s tax emphasis from payroll tax toward taxing energy use in commercial buildings, with the goal of incentivizing lower energy consumption while offsetting the revenue loss by reducing payroll taxes.
Crowfoot framed the idea as: “We pay, we actually charge a payroll tax to local businesses. So we’re essentially taxing something that we want to encourage,…
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