"The debate has complicated negotiations around the bill, SB 63, which would allow voters to impose a half-cent sales tax in Alameda, Contra Costa, San Mateo and Santa Clara counties, and a full cent in San Francisco. The tax could raise up to $1 billion annually over the next 14 years for BART, Caltrain, San Francisco's Muni and other agencies facing steep budget gaps as federal and state relief funds dry up."
"Together, the three county's residents pay some $392 million in sales and property taxes toward the system, which make up nearly 40% of its total operating revenue. Meanwhile, San Mateo County contributes just $4 million annually. If voters pass the measure, San Mateo residents could be on the hook for roughly $35 million a year, about 10 percent of the sales tax revenue earmarked for BART."
SB 63 would permit voters to impose a half-cent sales tax in Alameda, Contra Costa, San Mateo and Santa Clara counties and a full cent in San Francisco, potentially raising up to $1 billion annually for 14 years for regional transit agencies. San Mateo County lacks representation on BART’s board while neighboring counties fund roughly $392 million in sales and property taxes that comprise nearly 40% of BART’s operating revenue, and San Mateo contributes about $4 million annually. San Mateo officials say residents could pay about $35 million per year under the measure and seek amendments to gain leverage, including withholding power over BART funds.
Read at The Mercury News
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