New business taxes win sweeping support across Bay Area

  • 📰 mercnews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Voters approved several business tax measures across the Bay Area, updated results show.

Voters in four Bay Area cities approved new taxes on top employers this week, a sign of support for making their corporate citizens – Netflix, Tesla and Clorox among them – contribute more to the costs of tackling housing affordability and homelessness amid a sputtering economy.

“The compromise approach was essential,” Mayor Pat Burt said. “They were indicating they were going to spend unlimited funds to oppose not only the business tax measure but the gas transfer fee ballot measure that was also on the ballot.” Other cities, including Los Gatos and Oakland, also crafted compromises with their business communities.

Kalb said he hopes the money will go toward addressing homelessness and reducing violent crime, including funding operational expenses for facilities housing formerly homeless people as well as for violence prevention and intervention programs, services and strategies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 88. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta's massive layoffs spark concern over Bay Area economy - Silicon Valley Business JournalBusiness is already slowing at some financial institutions and loan performance is deteriorating.
Source: svbizjournal - 🏆 334. / 59 Read more »