Your CEO tax could be a big gamble for the City
Okay so, big news from City Hall about this proposed CEO tax, right? The City Controller just dropped a report saying it *could* bring in a hella significant amount of cash — we're talking $300 million annually. That's a lot of dough, especially with all the budget shortfalls we’ve been hearing about for services like public transit or keeping our parks clean.
### What's the Catch?
But here’s the kicker, fam: that same report also projects it might cost San Francisco around 900 jobs. Nine hundred jobs! That’s like a whole small neighborhood’s worth of people losing their livelihoods. So it's not a simple win-win, you know? It’s a classic San Francisco dilemma: how do you fund critical services without making it even harder for people to live and work here? Remember when that big tech company moved its HQ right out of the City? This is the kind of thing that makes businesses eye those cheaper rents in Oakland or even further out.
* **Potential Revenue:** $300 million per year
* **Potential Job Loss:** Approximately 900 jobs
* **Source:** City Controller's report, released Thursday, May 14, 2026
This is going to be a huge debate at City Hall, probably for months. You can bet every supervisor will have an opinion on this, and the tech industry is definitely watching.
That's the City, fam — fog, hills, and all.
Vivian Leung, MiTL Sports Desk, Morning Wire.
You know the morning crew will have thoughts on this — tune in live at mornings.live.