Admittedly the issues may appear benign compared to the Presidential race and the drugs, sex and other provocative topics on the state ballot. But San Francisco voters again face a long list of significant local propositions on November 8th, and among them are a number of measures impacting real estate taxes, land use and governance.
Unfamiliar Terrain summaries the key measures impacting our industry:
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Propositions L and M: Shifting authority from the Mayor to the Board with respect to San Francisco Municipal Transportation Authority and the Office of Economic and Workforce Development/Mayor’s Office of Housing and Community Development
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Proposition O: Exempting office space in Hunter’s Point/Candlestick Point from the Proposition M office cap
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Proposition U: Making affordable units available to low and moderate income households
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Proposition W: Increase in transfer tax
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Proposition X: Production, Distribution and Repair space replacement
We hope that our summaries will help you navigate the issues. And if all else fails, take a break and check out our “What We’re Reading” post.
