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Committee advances ordinance to use Prop M funds to waive $10 million in regulatory license fees for small businesses
Summary
The Budget & Finance Committee forwarded to the full Board an ordinance that would eliminate roughly $10 million in regulatory license fees under Proposition M, raise the shared-space gross receipts threshold to $5 million and make related billing changes effective in 2026. The Treasurer's Office said restaurants and nightlife businesses would see the largest savings.
The Budget & Finance Committee on Nov. 20 voted to send an ordinance to the full Board that would use Proposition M revenues to eliminate up to $10,000,000 in city regulatory license fees and raise the gross-receipts threshold for certain fee reductions.
A representative from the Office of the Treasurer and Tax Collector told the committee the ordinance would identify about 49 license fees to waive and that the change would be…
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