Source of Revenue

Estimated Revenue

(Per year)

Comments

Property Assessment Options

Property Tax-Parcel Tax/ $250 per parcel per year (no distinction b/ residential & non-residential

$46.1 million

Source:  Supervisor’s Revenue Task Force

Property Tax-Parcel Tax/ $250 per residential parcel & $1000 per non-residential parcel/year

$68.2 million

Source:  Supervisor’s Revenue Task Force

Property Tax-Parcel Tax, annual rate per improvement site

Unknown – revenue varies by rate

Source:  Supervisor’s Revenue Task Force

Property Transfer Options

Property Transfer Tax (conform SF rate to that of Oakland & Berkeley @1.61%

$69.7 million

Source:  Supervisor’s Revenue Task Force

Increase Property Transfer Tax for properties over $2M from 0.75% to 1.5%

$14.1 million

Source:  Supervisor’s Revenue Task Force

Property Transfer Tax (former Prop L)

$24.7 million

Source:  Supervisor’s Revenue Task Force

Business Tax Options

Increase payroll tax from 1.5% to 1.6%

$18.8 million

Source:  Supervisor’s Revenue Task Force

Payroll Tax:  clarify “payroll expense” to include taxing partnership compensation
Included the Mayor's budget as a ballot measure in the November 2004 election.

$13.5 million

Source:  Supervisor’s Revenue Task Force

Reinstate gross receipts for select industries that benefited from repeal

$3.6 million

Source:  Supervisor’s Revenue Task Force

Enact Progressive Gross Receipts Tax
Included the Mayor's budget but it caps at $30 million, sunsets in 4 years, does not recover the $100 million given up by the City in the corporate suit against the City's previous gross receipts, and comes with a regressive sales tax, all subject to voter approval in the November 2004 election.

$30 million

Source:  Bay Guardian

Commercial Occupancy Tax

$39.4 million

Source:  Supervisor’s Revenue Task Force

Other Revenue Options

Raise PG&E Franchise Tax Fee To 5%

$27.5 million

Source:  Bay Guardian (current .5% level was set in 1939)

Local Vehicle License Fee

$64 million

Source:  Supervisor’s Revenue Task Force

Occupational License Fee on incomes over $150,000 / year

$26 million

Source:  Bay Guardian. Part of Ammiano's 1995 progressive tax package.

More Aggressive Medi-Cal & SSI Enrollment

For every 500 people enrolled SF would save $2.04 million in GA & $2.5 million in unreimbursed medical costs

Thousands of San Franciscans are eligible for these programs but cannot prove they qualify w/o legal assistance due to difficult application & documentation requirements

Sunday Parking Meter Enforcement

$2 million

Source:  Budget Work Group

Charge for parking in city owned/leased lots
Done by Supes.

$10 million

Source:  see People’s Budget  2003

Increase City Planning Fee

$1 million

Source:  Budget Work Group

PILOT (Payment In Lieu Of Taxes) Program for Collection of Commercial Parking Taxes

Unknown

SF officials complain that they cannot adequately monitor the number of cars that enter & exit SF parking lots each year.  They also contend that the equipment needed to monitor parking lots is too expensive.  SF should adopt a PILOT program whereby parking lots are taxed based upon the number of spaces each has.

Improve City’s Medi-Cal & Medicare Billing System

$10 million

SF physicians & other health care providers report that the City does not bill for all available insurance revenue – such as Medi-Cal & Medicare.  In addition, there is no system in place to appeal denials of these reimbursements when they are submitted.  Up to 50%of all such denials are reversed upon appeal.

Total Local Revenues

$322.34 million

STATE REVENUE

1% Tax on personal incomes over $1 million

On November 2004 ballot as Proposition 63.

$250 million in ‘04-’05

$680 million in ‘05-’06

$700 million in ‘06-‘07

Targeted to California counties.

Reassess taxes on nonresidential properties

$3 billion

Source:  California Tax Reform Association.  Require all nonresidential property, that is not used for permanent or long-term commercial agricultural production, to be assessed at market value on an annual basis.

Total State Revenues

$3.25 billion