Prop B - more money,
more taxes, more debt
The City needs to spend our tax dollars more efficiently, not burden us with more taxes and debt.
VOTE NO ON B BY NOVEMBER 5
Three good reasons to VOTE NO on Prop B.
1
Prop B would authorize $390M more debt spending…
Added to more than $5 Billion in bond spending over the last ten years, and the $800 Million budget deficit the city is running — all of which will fall to taxpayers.1
2
On top of over $1 Billion spent on homelessness in the last 5 years.
Despite years of spending on the homeless crisis, thousands of San Franciscans are still without housing. Maybe just throwing money at the problem isn’t working.2
3
Prop B would raise property taxes.
The City itself says of Prop B, “If needed, an increase in the property tax rate would be allowed.”3
Check the Facts: 1. www.sf.gov/information/proposition-b-community-health-and-medical-facilities-street-safety-public-spaces-and; 2. www.sfchronicle.com/sf/article/sf-homeless-crisis-audit-empty-housing-19437988.php; 3. www.sf.gov/information/proposition-b-community-health-and-medical-facilities-street-safety-public-spaces-and
Projects paid for by San Francisco city bonds are consistently delayed and completed years behind schedule and over budget—costing taxpayers millions.
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Projects Delayed an Average of 5 Years
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Projects Delayed an Average of 3 Years
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Projects Delayed an Average of 3.5 Years
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Projects Delayed an Average of 1 Year
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Projects Delayed an Average of 4 Years
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2020 Earthquake Safety and Emergency Response Bond: Work Has Not Started Yet