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Committee forwards three tax measures for further review after controller—s analysis
Summary
The Budget & Finance Committee heard analysis from the controller and treasury on three proposed ballot measures — a gross‑receipts tax, a half‑cent sales tax with a three‑year sunset, and payroll tax adjustments — and voted to forward items 3–5 to the full board without recommendation for further work and stakeholder negotiation.
The committee considered three linked fiscal proposals intended to help close a projected $576 million budget gap: a 1.395% gross‑receipts levy on commercial real estate and a 0.1% rate on other businesses (Item 3); a 0.5% sales and use tax dedicated to emergency health, human services and public protection for three years (Item 4); and an amendment to payroll tax rates and an expanded small‑business exemption (Item 5).
Monique Zmuda of the controller—s office provided preliminary fiscal estimates: the commercial real estate gross‑receipts tax could generate about $34 million annually; the gross‑receipts levy on other businesses could produce roughly $38 million;…
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