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Committee approves forwarding Teeter Plan resolutions to stabilize parcel‑tax revenues
Summary
The committee recommended four resolutions that would add several parcel taxes — including school and Bay Restoration Authority levies — to San Francisco's Teeter Plan, a receivables-buying method that guarantees billed revenue to taxing entities while the county collects penalties and interest.
The Budget and Finance Committee considered four resolutions (Items 6–9) to extend the county's Teeter Plan distribution method to a set of parcel taxes, including citywide school district parcel taxes, a City College parcel tax, and the San Francisco Bay Restoration Authority's $12-per-parcel tax. Jamie Whitaker, property tax manager in the controller’s budget and…
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